With the Carbon Pricing Mechanism taking effect from 1 July 2012, have you considered what the impact of this new legislation for your company might be?
Do you know whether you have to pay the carbon tax? Do you know your carbon exposure and how carbon competitive you are? What do CFOs, company secretaries and legal in house counsel have to consider and what does a price on carbon mean, anyway?
For the majority of Australian businesses, the impact of the carbon pricing legislation will be felt indirectly through rising costs which means having a better understanding of your organisation’s carbon footprint, trying to improve supply chain efficiency, and managing the increase in costs.
The ACCC will be scrutinising the implementation of the carbon price legislation in much the same way as the introduction of the GST in 2000. They will be monitoring companies’ actions very carefully, including price movements and any claims made regarding the justification of increased prices.
The next ACLA/Coleman Greig Western Sydney Breakfast Briefing will shed light on the following issues and provide an understanding of what your next course of action should be:
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Direct versus indirect cost of carbon – including how energy intensive are the products you are buying?
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What governance processes are required in your business to ensure compliance?
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What are the tax implications of the new system and the effect on your business?
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Is your business eligible for government assistance?
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How much of the tax, or increase in costs, can be passed on to your customers?
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Contract management in light of the new regulations
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Personal liability and penalties for non-compliance or unjustified price rises
Prepare your business for the post July 2012 operating environment and ensure you understand the issues at stake.
If you are an ACLA Member and you would like to make a booking, please click here.