When renewable energy shortfall charge is payable

In force

Large‑scale generation shortfall charge

(1)

Large‑scale generation shortfall charge for a year is payable:

(a)

if, on or before 14 February in the next year, the liable entity lodges a large‑scale generation shortfall statement for that year—on that day; or

(b)

if, after that day, the liable entity lodges a large‑scale generation shortfall statement for that year—on the day on which the statement is lodged.

Note:

For when large‑scale generation shortfall charge is payable if the liable entity does not lodge a large‑scale generation shortfall statement, see subsection 48(4).

Small‑scale technology shortfall charge

(2)

Small‑scale technology shortfall charge for a year is payable:

(a)

if, on or before 14 February in the next year, the liable entity lodges a small‑scale technology shortfall statement for that year—on that day; or

(b)

if, after that day, the liable entity lodges a small‑scale technology shortfall statement for that year—on the day on which the statement is lodged.

Note:

For when small‑scale technology shortfall charge is payable if the liable entity does not lodge a small‑scale technology shortfall statement, see subsection 48B(4).

This Act’s bill:Explanatory memorandum Second reading speech

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67 When renewable energy shortfall charge is payable