Limitations on certificates that can be surrendered under this Subdivision
45D Limitations on certificates that can be surrendered under this Subdivision
Large‑scale generation certificates
A liable entity cannot surrender a large‑scale generation certificate for a year under this Subdivision unless:
the certificate was created before the end of the year; and
the liable entity is recorded in the register of large‑scale generation certificates as the owner of the certificate at whichever of the following times applies:
for surrender under section 44A—the time when the energy acquisition statement is lodged;
for surrender under section 45A—the time when the Regulator makes the amendment of the energy acquisition statement;
for surrender under section 45C—the time when the additional surrender notice is lodged; and
the certificate is valid at the time that applies under paragraph (b).
Small‑scale technology certificates
A liable entity cannot surrender a small‑scale technology certificate for a quarter of a year under this Subdivision unless:
either:
the liable entity acquired the certificate under Division 4 of Part 2A (purchase of certificates through the clearing house); or
if subparagraph (i) does not apply—the certificate was created before the end of the year; and
the liable entity is recorded in the register of small‑scale technology certificates as the owner of the certificate at whichever of the following times applies:
for surrender under section 45—the time when the surrender instrument for the quarter is lodged;
for surrender under section 45A—the time when the Regulator makes the amendment of the energy acquisition statement;
for surrender under section 45C—the time when the additional surrender notice is lodged; and
the certificate is valid at the time that applies under paragraph (b).
The liable entity cannot surrender a small‑scale technology certificate for a quarter of the year under this Subdivision if, at the time that applies under paragraph (2)(b), the certificate is on the clearing house transfer list (see section 30L).
This Act’s bill:Explanatory memorandumSecond reading speech
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