Marcus Priests writes in the Australian Financial Review today that the federal government has sought legal advice on whether the repeal of its carbon price legislation would en­able companies to claim millions of dollars in compensation, but has refused to release the advice.

The advice was sought after Opposition Leader Tony Abbott pledged to repeal the carbon price, and following the introduction of the legislation into Parliament in September, he says. Under the legislation, carbon units are defined as “personal property”, prompting claims that Labor had planted a “poison pill” to ensure a future Coalition government would be forced to pay compensation to companies that had bought forward permits.

To read the full article, link here: Pressure on to release carbon tax advice (paid subscription required)