I found the answer to my own question. The Australian lower House has passed a carbon tax legislation. It should also pass the upper House, despite its unpopularity.
There are some subsidies built in to compensate households and industry meaning it will cost A$4.3 billion more than it will raise in the first four years.
Sounds like a bit of income redistribution from the mining companies to the rest of Australia, which isn’t a bad idea.
