Renewable Energy (Electricity) Act 2000

If a liable entity has lodged an energy acquisition statement for a year but:

the liable entity has not lodged a large‑scale generation shortfall statement for the year; and

the Regulator is of the opinion that the liable entity has a large‑scale generation shortfall for the year;

If:

a liable entity has not lodged a large‑scale generation shortfall statement for a year; and

the liable entity has also not lodged an energy acquisition statement for the year; and

the Regulator is of the opinion that the liable entity has a large‑scale generation shortfall for the year;

For the purpose of making an assessment under subsection (1) or (2):

the liable entity’s large‑scale generation shortfall is taken to be the amount that, in the Regulator’s opinion, might reasonably be expected to be the shortfall; and

in the case of an assessment under subsection (1)—the Regulator is to take into account any large‑scale generation certificates surrendered by the liable entity under Subdivision A of Division 1 for the year; and

in the case of an assessment under subsection (2)—the Regulator is to assume that the liable entity did not surrender any large‑scale generation certificates under Subdivision A of Division 1 for the year.

Large‑scale generation shortfall charge in relation to an assessment for a year made under this section is taken to have become payable on 14 February in the next year.

An assessment for a year under this section cannot be made until after 14 February in the next year.