THE Senate has put the final nail in the coffin for the carbon tax.
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After two years in operation, an Upper House vote has seen Australia's first-ever policy to tackle climate change stopped dead in its tracks.
Its abolition has been celebrated by the coalition government.
And, federal member for Lyne David Gillespie has described the repeal as particularly good news for families, seniors and small businesses in the electorate.
But advocacy groups across the nation, have spoken out in disgust.
Among them, has been Climate Change Australia (CCA), a Mid North Coast group concerned with climate and energy security.
CCA president Harry Creamer has labelled the move as a big mistake and likened celebrating the repeal to "cheering the enemy".
He said getting rid of the Gillard government-introduced legislation, destroyed the central feature of Australia's climate policy which, he believes, would lead to future uncertainty for businesses and policy makers.
"We have gone from being a leader to laggard, from lifter to leaner on climate policy," Mr Creamer said. "We have gone from having one of the best climate schemes in the world, to one of the worst."
Dr Gillespie echoed the words of Prime Minister Tony Abbott in saying the abolition marked the delivery of one of the Coalition's key commitments to the Australian people.
He also claimed that scrapping the Carbon Tax would save the average household around $550 a year, around $200 on electricity bills and $70 on the average gas bill.
But Mr Creamer said families would be given limited savings once the carbon price is gone.
Those views are echoed by a report from the left-leaning think tank the Australia Institute.
It says "just as introducing the carbon tax didn't really drive the cost of a leg of lamb to $100, removing it isn't really going to have any noticeable impact on the cost of living."
Dr Gillespie said the Australian Competition and Consumer Commission (ACCC) had been given extra powers to ensure savings at the top end of town, would be passed down to average Australians.
Supermarket giants, Qantas and Virgin are among a number of companies claiming their prices did not spike with the introduction of the carbon tax, and would not fall with its abolition.
It is expected the extent of savings from the carbon tax repeal will be listed on your next power bill.
Mr Creamer has argued the abolition has been built on a mountain of misinformation.
"The government argues that the carbon tax was ineffective and causing 'enormous damage' to the economy, both of which are untrue."
Dr Gillespie said it has been a $9 billion a year hit on the economy which "hurts small businesses and costs jobs."
