Australian Capital Territory Repealed Acts

This legislation has been repealed.

ELECTRICITY (GREENHOUSE GAS EMISSIONS) ACT 2004 (REPEALED) - SECT 12

    (1)     An amount of tonnes of carbon dioxide equivalent of greenhouse gas emissions of greenhouse shortfall in a year (other than the years 2007 and 2012) may, subject to the rules, be carried forward to the next year.

    (2)     If an amount of greenhouse shortfall is carried forward, the amount of the shortfall is, to the extent to which it is not abated by the benchmark participant, subject to the greenhouse penalty at the end of the next year and the penalty is not payable for the shortfall amount at the end of the year from which it was carried forward.

    (3)     The penalty is payable at the same time as any greenhouse penalty for the next year is payable (or would be payable, if owed).

    (4)     A greenhouse shortfall that is carried forward may be abated at the end of the next year by surrendering abatement certificates or counting renewable energy certificates.

    (5)     For that purpose, the greenhouse shortfall after abatement is worked out by subtracting from the amount of the shortfall the total number of tonnes of carbon dioxide equivalent of greenhouse gas emissions attributable to any certificates surrendered or counted to abate the greenhouse shortfall.

    (6)     The amount of greenhouse shortfall carried forward in relation to a year may not exceed 10% of the benchmark participant's greenhouse gas benchmark for the year.

    (7)     An amount of greenhouse shortfall may be carried forward whether or not a shortfall was carried forward in the previous year.