The Federal Government has announced that the new administrative body for the new carbon pricing mechanism, the Clean Energy Regulator, will begin operations from 2 April 2012.

 

The Clean Energy Regulator will be responsible for administering the carbon pricing mechanism, the National Greenhouse and Energy Reporting System, the Renewable Energy Target and the Carbon Farming Initiative.

 

The Minister for Climate Change and Energy Efficiency, Greg Combet, said this timeframe will allow administrative, financial and governance arrangements to be developed before the initial carbon price liability period commences on 1 July 2012.

 

"Work is already underway to identify the Chair and other members of the Board for the Clean Energy Regulator," Mr Combet said.

 

"The Government will engage with them early to achieve a smooth transition for the establishment of the Regulator and the carbon price."

 

Until the establishment of the Regulator, the regulatory functions for the National Greenhouse and Energy Reporting Scheme, the Renewable Energy Target and the Carbon Farming Initiative will continue under existing arrangements.

 

Liable entities can find more information about their obligations at www.climatechange.gov.au.

 

Information about the Clean Energy Future package is available at www.cleanenergyfuture.gov.au.