Australian PM Floats Legislation To Repeal Carbon Tax

Law360, New York (October 15, 2013, 7:18 PM ET) -- The new Australian government is moving ahead with plans to eliminate the country's carbon tax by July 2014, releasing draft legislation Tuesday and pledging that the measure will be the Parliament's first item of business for the new session.

Prime Minister Tony Abbott made the carbon tax repeal a major element of his successful campaign this summer, and his conservative Liberal Party handily defeated Kevin Rudd's center-left Labor Party to return to power after six years in opposition. Abbott said the government must now follow through...
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