Refunding large‑scale generation shortfall charge in later years
95 Refunding large‑scale generation shortfall charge in later years
This Part applies where:
a liable entity has paid large‑scale generation shortfall charge for a year (the charge year); and
during the allowable refund period, the liable entity surrenders large‑scale generation certificates under this section.
The allowable refund period starts immediately after the liable entity lodges the liable entity’s large‑scale generation shortfall statement for the year after the charge year and ends 3 years after the liable entity paid the large‑scale generation shortfall charge.
The liable entity must specify the charge year in respect of which the large‑scale generation certificates are being surrendered.
This Act’s bill:Explanatory memorandumSecond reading speech
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