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17 July 2014 - Carbon price repealed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