How will reporting for the Carbon Scheme affect Australian companies?

Hosted by Ernst & Young Australia

With the passage of the Clean Energy Bill 2011 (Bill or carbon scheme) through the House of Representatives in Parliament on 12 October 2011, we are one step closer to the introduction of a price on carbon in Australia. The Bill outlines the details of a two stage carbon policy mechanism comprising a fixed price carbon period (fixed price period) transitioning to an emissions trading scheme commencing 1 July 2015 (flexible price period). With the Bill expected to pass through the Senate during November 2011, entities should be planning for the short and long-term changes that the carbon scheme will bring to their businesses.

With a confirmed start date of 1 July 2012, the time to implement strategies to manage change is short and challenging. This webcast will help identify the key accounting, management reporting and tax issues of the scheme in order to enable you to minimise disruption to your business and avoid last-minute surprises.

This 60-minute webcast, designed for financial reporting managers, financial controllers and chief financial officers, will:

• Provide a brief overview of the carbon scheme
• Set out potential cash flow, liability and working capital impacts for liable and non-liable entities
• Highlight the interaction between entities’ financial and National Greenhouse and Energy Reporting System (NGERS) reporting obligations
• Discuss the main accounting methods available under both the fixed and flexible price periods
• Identify the key tax implications arising under the scheme

Please join us for this interactive discussion.