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ELECTRICITY SUPPLY ACT 1995 - SECT 97CD
Assessment of compliance with greenhouse gas benchmarks
97CD Assessment of compliance with greenhouse gas benchmarks
(1) Regulations may be made for or with respect to the following matters-- (a)
the circumstances in which a renewable energy certificate may or may not be
counted by a benchmark participant towards a greenhouse gas benchmark or to
abate a greenhouse shortfall that has been carried forward,
(b) the number of
renewable energy certificates that may be counted for a compliance period
(including for a greenhouse shortfall that was carried forward),
(c) the
assessment of the greenhouse shortfall (if any) and of liability for
greenhouse penalty of a benchmark participant, including self-assessment and
assessment by the Tribunal,
(d) the date on which an assessment is taken to
have been made and the date on which an assessment takes effect,
(e) default
assessments where a greenhouse gas benchmark statement is not lodged by a
benchmark participant,
(f) amendment of assessments, at the request of a
benchmark participant or on the Tribunal's own motion,
(g) revocation of the
cancellation of abatement certificates in connection with amended assessments
and the revival of the certificates,
(h) payments resulting from amended
assessments,
(i) notice of assessments.
(2) The regulations are to include
provisions that limit the number of renewable energy certificates that may be
counted towards a greenhouse gas benchmark by reference to
relevant acquisitions that are attributable to sales of electricity in New
South Wales.
(3) In this section--
"relevant acquisition" has the meaning given by the Renewable Energy
(Electricity) Act 2000 of the Commonwealth.
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