Overview of Part
34A Overview of Part
This Part deals with liability to renewable energy shortfall charge.
Subdivision A of Division 1 defines who is a liable entity.
There are 2 types of renewable energy shortfall charge:
large‑scale generation shortfall charge (see Subdivision B of Division 1), which is calculated by reference to a liable entity’s relevant acquisitions of electricity, its exemptions, the number of large‑scale generation certificates it surrenders and the renewable energy power percentage; and
small‑scale technology shortfall charge (see Subdivision C of Division 1), which is calculated by reference to a liable entity’s relevant acquisitions of electricity, its exemptions, the number of small‑scale technology certificates it surrenders and the small‑scale technology percentage.
Division 1A deals with the determination of the amount (if any) of a liable entity’s exemption from charge.
Division 2 deals with the renewable power percentage for large‑scale generation shortfall charge.
Division 2A deals with the small‑scale technology percentage for small‑scale technology charge.
Division 3 deals with other matters related to renewable energy shortfall charge.
This Act’s bill:Explanatory memorandumSecond reading speech
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