Regulator to give liable entity estimate of current year’s required surrender amounts for first 3 quarters
40C Regulator to give liable entity estimate of current year’s required surrender amounts for first 3 quarters
If a liable entity lodges an energy acquisition statement for a year before 1 April in the next year (the current year), the Regulator must, before 15 April in the current year, give the liable entity written notice of the amounts that the Regulator estimates will be the liable entity’s required surrender amounts under section 38AE for the first, second and third quarters of the current year.
In making an estimate under subsection (1), the Regulator is to disregard any determination made by the Regulator under section 38AF on or after 1 April in the current year.
An estimate given to a liable entity under this section:
does not in any way bind the Regulator, the Commonwealth or any other person; and
does not in any way affect the determination of the liable entity’s liability to small‑scale technology shortfall charge for a year.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.