Creation of certificate must be registered
118 Creation of certificate must be registered
A certificate has no effect until the creation of the certificate is registered by the Scheme Administrator in the register of certificates.
An application for registration of the creation of a certificate may be made to the Scheme Administrator by an accredited certificate provider.
The Scheme Administrator must determine an application for registration of the creation of a certificate by—
granting the application and registering the creation of the certificate in the register of certificates, or
refusing the application.
The Scheme Administrator registers the creation of a certificate by—
creating an entry for the certificate in the register of certificates, and
recording the name of the person who created the certificate as the owner of the certificate.
The Scheme Administrator must, when registering the creation of a certificate, specify—
whether the certificate is active, and
if the certificate is not active—the date on which the certificate will be taken to be active, if known.
The Scheme Administrator may alter the entry for a certificate in the register of certificates at any time to show—
the certificate is active, or
the date on which the certificate will be taken to be active.
The scheme rules may make provision about the circumstances in which a certificate is or is not taken to be active.
A certificate may be registered as active before the beginning of the compliance period during which the peak demand reduction capacity is made available.
The Scheme Administrator may refuse an application for registration of the creation of a certificate on any grounds specified in the regulations.
Regulations may be made in relation to applications for registration of certificates, including—
to require an application fee to be paid to the Scheme Administrator, and
to adjust the amount of the fee for movements in the consumer price index.
The Scheme Administrator must publish the adjusted application fees on its website before the beginning of the compliance period to which the application fee applies.
This provision refers to the regulations (specified in the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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