Carbon raids could raise heat on Uniting Church
The Australian Financial Review today reported that businesses failing to meet a Federal Government audit into their carbon emissions could face penalties up to $233,000 in an auditing regime, which includes further fines of up to $11,945 for each day an audited business fails to comply with the regulations.
The National Greenhouse and Energy Reporting Act requires over 800 companies to determine their carbon emissions. It is likely that randomly-selected companies will be audited.
According to the Australian Financial Review, smaller organisations such as the University of Queensland, Melbourne University, Bega Cheese and the Uniting Church in Australia Property Trust will also be required to report.
The reporting regime will be introduced ahead of a fixed price on carbon.
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