The operator of the Australian Securities Exchange, ASX Ltd (ASX:ASX), has issued a warning to companies ahead of the Federal Government’s announcement on the carbon tax due this weekend.
According to the Australian Financial Review the proposed scheme will impact around 500 businesses and the ASX is gearing up to closely monitor their impact statements.
The tax could even spark an obligation for companies to release market updates to ASX in a similar way to profit guidance.
ASX has told the paper that companies will need to determine if the carbon scheme will have a material impact on the value of their shares.
The AFR says expectations are of a carbon price of $20 per tonne of emissions, and a 6 cent per litre fuel subsidy for industry.
ASX generated a net profit of $172 million in the last half of 2010.
