Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) If an SGG licensee applies under regulation 55 to retire a percentage of the licensee's entitlement to HFC quotas for calendar years occurring in or after a specified HFC quota allocation period, the Minister must:
(a) by notifiable instrument, retire a specified percentage of the licensee's entitlement to HFC quotas for those years; or
(b) refuse the application by written notice given to the applicant.
(2) The percentage specified under paragraph (1)(a) must be:
(a) the percentage specified in the application; or
(b) a lesser percentage.
(3) In deciding the application, the Minister:
(a) must have regard to the likely demand for HFC in Australia in those years; and
(b) must have regard to Australia's international obligations, and the policies of the Commonwealth Government, in relation to the manufacture, importation or consumption of scheduled substances; and
(c) may have regard to any other matters he or she thinks relevant.