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The Carbon Tax Repeal: What it means for consumers


The Carbon Tax was repealed by a package of Bills on 17 July 2014. Irrespective of the repeal date the legislation sets out that no companies or consumers will be liable to pay the Carbon Tax from 1 July 2014.

However, with the uncertainty leading up to the Carbon Tax repeal companies have been unwilling to pass on savings to consumers. This will mean that under the recently passed legislation companies such as energy and gas providers which continue/d to charge consumers after July 1 will be required to stop adding this charge to their bills and also reimburse consumers. This was established under the amendment proposed by the Palmer United Party which requires companies to reimburse customers for charges from July 1 onwards.

The ACCC has also informed consumers that it will have the power to regulate and take action against any energy companies that continue to charge unreasonably high prices or make false statement about the effect of the repeal. Penalties companies will face are up to $1.1 million for a corporation and $220 000 for individuals. Civil action could also be pursued against companies who continue to charge consumers for the repealed Tax or fail to reimburse customers for charges after July 1.

If you are aware of a company which has overcharged you following July 1 for the Carbon Tax or is not reimbursing you for those charges, contact the Shine Lawyers Class Action team on (07) 3006 6000.

 

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Written by Shine Lawyers on July 18, 2014. Last modified: September 26, 2018.

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