THE CARBON TAX – GETTING YOUR CONTRACTS IN ORDER TO PASS ON THE COSTS
The first “fixed-price” phase of the Federal Government’s national carbon pricing scheme (the Carbon Tax) commenced on 1 July 2012. The Carbon Tax is a significant economic reform which presents many legal and commercial risks for businesses that supply or purchase emissions-intensive or energy-intensive goods or services.
In the “fixed price” phase, the carbon price will commence at $23 per tonne in the first year, increasing to $24.14 per tonne in the second year and $25.40 per tonne in the third year.
REINSTATEMENT OF THE FIRST HOME CONCESSION
On 1 July 2012 the transfer duty home concession that could previously be claimed for the purchase of a principal place of residence was reinstated in Queensland.
Generally speaking, the home concession may be claimed where: