Amendments made by the Renewable Energy (Electricity) Amendment (Exemptions for EITE Activities) Regulation 2015
51 Amendments made by the Renewable Energy (Electricity) Amendment (Exemptions for EITE Activities) Regulation 2015
Application—partial exemptions for 2014 and earlier years
Despite the amendments made by the amending regulation, these regulations, as in force immediately before the commencement of the amending regulation, continue to apply in relation to partial exemptions (and partial exemption certificates) for 2014 and earlier years.
Transitional—exemption certificates
Subregulation 3 applies if, before the commencement of the amending regulation, a partial exemption amount (the exemption amount) for 2015:
is calculated in accordance with the formula in subregulation 22ZF(1) or (2) or regulation 22ZG; or
is reduced in accordance with the formula in subregulation 22ZP(2) or (4) or 22ZQ(2).
The Regulator must amend the certificates concerned so they have effect as if the exemption amounts had been calculated after items 30 and 31 of Schedule 1 of the amending regulation had commenced.
Meaning of amending regulation
In this regulation:
amending regulation means the Renewable Energy (Electricity) Amendment (Exemptions for EITE Activities) Regulation 2015.
This Act’s bill:Explanatory statement
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