LATEST NEWS

• ACIL Tasman's report on energy prices released with Treasury Modelling Report
  

  To view the report please click here. (1541KB)

  For more information please contact Alan Smart in our Canberra Office.

   

• ACIL Tasman's submission to Treasury in response to the Government's creeping acquisiton discussion paper
  

  ACIL Tasman has made a submission to the Treasury in response to the Government's creeping acquisition discussion paper. The submission addresses the following issues: the theoretical case for mergers law and the operation of mergers law in Australia; problems arising from an overemphasis on market concentration for the competition assessment of mergers; the nature of possible anti-competitive detriments arising from creeping acquisitions; a review of the proposed remedies to address creeping acquisitions; and unintended consequences arising from an ill-conceived legislative provision to address creeping acquisitions.

  To view the submission please click here. (449KB)

  For more information please contact Alistair Davey in our Canberra Office.

   

• CPRS to challenge LNG industry
  

  ACIL Tasman has found that the Commonwealth's Carbon Pollution Reduction Scheme would reduce significantly returns to a typical LNG development by:

  • increasing operating costs by up to 130 per cent
  • increasing direct government payments by as much as $3.4 billion in Net Present Value terms over the life of a typical development, taking the effective tax rate from 36 to 43 per cent of earnings before taxes and charges
  • reducing the Net Present Value of after-tax cash flows by up to 29 per cent.

  In consequence, a carbon charge has the potential to push ‘final investment decision’ metrics for LNG developments – which are already marginal – into negative territory.

  Click here to view the report. (950KB)