Australian Capital Territory Repealed Acts

This legislation has been repealed.

ELECTRICITY (GREENHOUSE GAS EMISSIONS) ACT 2004 (REPEALED) - SECT 16

    (1)     A benchmark participant who fails to comply with the participant's greenhouse gas benchmark for reduction of greenhouse gas emissions for a year is liable to pay a greenhouse penalty to the Territory.

    (2)     The greenhouse penalty is the amount prescribed by regulation adjusted in accordance with the regulations (if any) made for subsection (3).

    (3)     A regulation may provide for the adjustment of the greenhouse penalty in accordance with movements in the CPI.

    (4)     A greenhouse penalty payable for a year by a benchmark participant is payable to the Territory by 1 March in the following year or, if the regulator decides a later date, that date.

Note     An amount owing under a law may be recovered as a debt in a court of competent jurisdiction or the ACAT (see Legislation Act

, s 177).

    (5)     Any greenhouse penalties payable under this Act are to be used for greenhouse gas reduction activities or programs nominated by the Minister.

    (6)     In this section:

"CPI" means the All Groups Consumer Price Index (All Groups Index) for Canberra issued by the Australian statistician.

Note     For when a greenhouse gas penalty is payable for a greenhouse shortfall that is carried forward, see s 12.