With a change of Australia’s federal government in May 2022, there has been a radical shift in the country’s position on climate change mitigation and the energy transition. The new Labor government has committed to a carbon emissions reduction target of 43% below 2005 levels by 2030. That target is markedly more ambitious than the previous government’s target of a 26% to 28% reduction over the same period. For those doing business in Australia, this policy shift presents both heightened risks as well as commercial opportunities, as Australia accelerates efforts to reach net zero by 2050.
Source Jones Day
Latest Posts in "Australia"
- Australia Mandates E-Invoicing for Government Agencies by 2026 to Boost Efficiency and Reduce Fraud
- Australia Announces Timeline for Government E-Invoicing Adoption
- ATO Releases Updated Guide for GST Analytical Tool for Top 1000 Taxpayers
- ATO Finalizes GST Rules for Prepared Meals, Offers Transitional Compliance for Certain Products
- Updated GST Rulings on International Supplies: ATO Issues GSTR 2025/1 and GSTR 2025/2
