ERF - Timeline

Updated 27 April 2017

18 November 2013 - Submissions closed on Terms of Reference (see submissions, AbCF submission)

20 January 2014 - Submissions closed on Parliamentary Inquiry into Direct Action Plan

21 February 2014 - Submissions closed on Green Paper (see submissions, AbCF submission)

24 March 2014 - Report from Parliamentary Inquiry into Direct Action Plan

23 April 2014 - Release of White Paper

23 May 2014 - Submissions closed on draft legislation (see submissions, AbCF combined submission)

18 June 2014 - CFI Amendment Bill 2014 introduced to Parliament (see results of public consultation)

7 July 2014 - Senate inquiry report into CFI Amendment Bill 2014 by Environment and Communications Legislation Committee (see AbCF submission, submissions)

17 July 2014 - Carbon price repealed

18 July 2014 - Submissions closed on draft ERF contract (see AbCF submission)

7 October 2014 - Senator Xenophon releases amendments to the bill

30 November 2014 - CFI Amendment Bill passed by the Senate

12 December 2014 - Commencement of Emissions Reduction Fund

13 February 2015 - Submissions closed on financial regulation requirements for the ERF (see submissions, AbCF submission)

12 March 2015 - Commencement of Corporations Amendment (Emissions Reduction Fund Participants) Regulation 2015 exempting the ERF from financial regulation requirements

15-16 April 2015 - First auction conducted ($660m in contracts)

4-5 November 2015 - Second auction conducted ($557m in contracts)

27-28 April 2016 - Third auction conducted ($516m in contracts)

1 July 2016 - Safeguard mechanism commenced

16-17 November 2016 - Fourth auction conducted

5-6 April 2017 - Fifth auction conducted

5 May 2017 - Submissions for 2017 Climate Change Review closed