Commonwealth Numbered Acts Commonwealth Numbered Acts(1) Subject to section 65, the Commonwealth will, for each financial year specified in the following table, make payments to ARENA up to the amount specified for that year.
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Yearly maximum payments to ARENA |
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Item |
Financial year |
Amount for financial year |
|
1 |
2012-2013 |
$292,565,000.00 |
|
2 |
2013-2014 |
$344,904,000.00 |
|
3 |
2014-2015 |
$436,640,000.00 |
|
4 |
2015-2016 |
$321,810,000.00 |
|
5 |
2016-2017 |
$299,550,000.00 |
|
6 |
2017-2018 |
$221,000,000.00 |
|
7 |
2018-2019 |
$237,000,000.00 |
|
8 |
2019-2020 |
$368,340,000.00 |
Carry over of unspent money from one year to next
(2) If the amount specified in the table in subsection (1) for a financial year exceeds the amount paid to ARENA under section 65 in respect of requests made during that year, the table has effect as if the amount specified in the table for the next financial year were increased by the excess.
Additional money from Clean Energy Initiative Special Account
(3) The Finance Minister may, in the 2012-2013 financial year, determine by legislative instrument an amount (the transferred amount ), not exceeding the balance standing to the credit of the Clean Energy Initiative Special Account when the determination is made.
(4) If the Finance Minister makes a determination under subsection (3):
(a) the transferred amount is debited from the Clean Energy Initiative Special Account; and
(b) the table in subsection (1) has effect as if the amount specified in the table for the 2012-2013 financial year were increased (or further increased) by the transferred amount.
Additional money from ASI Limited
(5) If, because of Schedule 2 to the Australian Renewable Energy Agency (Consequential Amendments and Transitional Provisions) Act 2011 , an amount of money of ASI Limited becomes money of the Commonwealth at the second transition time, the table in subsection (1) of this section has effect as if the amount specified in the table for the 2012-2013 financial year were increased (or further increased) by that amount of money.
(6) In subsection (5), expressions have the same meanings as they have in Schedule 2 to the Australian Renewable Energy Agency (Consequential Amendments and Transitional Provisions) Act 2011 .