Following extensive engagement with members, the Clean Energy Council lodged a submission with Treasury in response to its consultation paper on proposed changes to Australia’s system of capital gains taxes. The submission outlined the significant risk of slowing Australia’s energy transition at a time when it needs to accelerate. It recommends that before proceeding further with reform, Treasury undertake robust research that explores the impacts CGT reform could have on the transition, including on the rate of investment in new renewable energy projects and with consideration of how the reforms could help make Australia a more attractive jurisdiction for investing in clean energy to accelerate the net zero transition.
Clean Energy Council staff will continue to work with Treasury on this important reform, with an aim of collaborating to find solutions that work.
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