The proposal would reform the Safeguard Mechanism to align with 1.5 degrees by tightening baselines and limiting offsets to hard-to-abate sectors only. This would include regulatory changes to ensure covered emissions, baselines and the decline rate are recalibrated to what the science requires and ACCU offsets will be limited to those few hard-to-abate sectors.

The proposal would start on 1 July 2025 and end on 1 July 2029.

The proposal would reform the Safeguard Mechanism to align with 1.5 degrees by tightening baselines and limiting offsets to hard-to-abate sectors only. This would include regulatory changes to ensure covered emissions, baselines and the decline rate are recalibrated to what the science requires and ACCU offsets will be limited to those few hard-to-abate sectors.

The proposal would start on 1 July 2025 and end on 1 July 2029.

The proposal includes 3 options to alter tax policy settings to promote electrification of rental properties, all starting 1 July 2024. 

Option 1
Allow owners of residential investment properties to write off the full cost of split system air conditioners (up to 20kW), heat pump water heaters and induction cooktops against their taxable income, where these have replaced equivalent gas appliances. This would replace the existing depreciation schedules for these items (currently 12 to 15 years).

The proposal includes 3 options to alter tax policy settings to promote electrification of rental properties, all starting 1 July 2024. 

Option 1
Allow owners of residential investment properties to write off the full cost of split system air conditioners (up to 20kW), heat pump water heaters and induction cooktops against their taxable income, where these have replaced equivalent gas appliances. This would replace the existing depreciation schedules for these items (currently 12 to 15 years).

The proposal includes 3 options to alter tax policy settings to promote electrification of rental properties, all starting 1 July 2024. 

Option 1
Allow owners of residential investment properties to write off the full cost of split system air conditioners (up to 20kW), heat pump water heaters and induction cooktops against their taxable income, where these have replaced equivalent gas appliances. This would replace the existing depreciation schedules for these items (currently 12 to 15 years).

The proposal includes 3 options to alter tax policy settings to promote electrification of rental properties, all starting 1 July 2024. 

Option 1
Allow owners of residential investment properties to write off the full cost of split system air conditioners (up to 20kW), heat pump water heaters and induction cooktops against their taxable income, where these have replaced equivalent gas appliances. This would replace the existing depreciation schedules for these items (currently 12 to 15 years).

The proposal would abolish the Climate Change Authority (CCA), the Emissions Reduction Fund (ERF), the Renewable Energy Target (RET), the Australian Renewable Energy Agency (ARENA), the Clean Energy Finance Corporation (CEFC) and the Clean Energy Innovation Fund (CEIF).

This proposal would commence on 1 July 2017.

The proposal would abolish the Climate Change Authority (CCA), the Emissions Reduction Fund (ERF), the Renewable Energy Target (RET), the Australian Renewable Energy Agency (ARENA), the Clean Energy Finance Corporation (CEFC) and the Clean Energy Innovation Fund (CEIF).

This proposal would commence on 1 July 2017.

The proposal would abolish the Climate Change Authority (CCA), the Emissions Reduction Fund (ERF), the Renewable Energy Target (RET), the Australian Renewable Energy Agency (ARENA), the Clean Energy Finance Corporation (CEFC) and the Clean Energy Innovation Fund (CEIF).

This proposal would commence on 1 July 2017.

The proposal would abolish the Climate Change Authority (CCA), the Emissions Reduction Fund (ERF), the Renewable Energy Target (RET), the Australian Renewable Energy Agency (ARENA), the Clean Energy Finance Corporation (CEFC) and the Clean Energy Innovation Fund (CEIF).

This proposal would commence on 1 July 2017.