📜 Electricity Industry Amendment (Capital Charges) Bill (No. 2) 2026
Assented toLABill 666 May 2026
This Bill amends the Electricity Industry Act 2004 to explicitly state that if any part of a capital charge for electricity transmission services is deemed a tax, it is legally imposed. This is a precautionary measure to ensure the validity of the Capital Charges Scheme, which aims to charge for services, not taxes.
Impact
This bill primarily affects entities that pay capital charges for accessing electricity transmission systems, such as network service providers or large electricity users. It ensures the legal enforceability of these charges, even if they are reclassified as taxes, thereby safeguarding the financial framework of the Capital Charges Scheme.
Key Changes
["Inserts new section 129ZE into the Electricity Industry Act 2004, explicitly imposing any amount of a capital charge that is characterised as a tax."]
Parliamentary Progress
- LA Second Reading MovedLA6 May 2026
- LA IntroducedLA6 May 2026
- LA Second Reading SpeechLA6 May 2026
- LA Consideration in DetailLA11 June 2026
- LA Third ReadingLA11 June 2026
- LA Second Reading AgreedLA11 June 2026
- LC Second Reading SpeechLC11 June 2026
- LC First ReadingLC11 June 2026
- LC Second Reading MovedLC11 June 2026
- LC Second Reading AgreedLC11 Aug 2026
- LC Third ReadingLC13 Aug 2026
- Royal Assent19 Aug 2026
Affected Sectors
utilities
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