Contracting for a Carbon price: Are you subsidising your competitors?

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The Federal Parliament is one (very significant) step closer to implementing the Carbon Price Mechanism (CPM) and their Clean Energy Future Plan of the Multi-Party Climate Committee.

Companies should consider their potential liabilities, both direct and indirect as part of a supply chain, and revisit their existing contracts and general contractual positions. Companies which have not been considering these issues may now find they are exposed to potentially significant commercial risks, particularly if their competitors have adopted a more proactive contracting approach by securing favourable carbon cost pass-through clauses or fixed prices.

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Published In: Administrative Agency Updates, General Business Updates, Energy & Utilities Updates, Environmental Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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