Electricity Supply Act 1995

As soon as practicable after 1 March in each year, the Scheme Regulator must prepare a report on the extent to which scheme participants have complied, or failed to comply, with individual certificate targets during the previous year.

The report must be forwarded to the Minister on or before—

the date prescribed by the regulations, or

if the regulations do not prescribe a date—31 August in the same year.

Without limiting subclause (1), the report must contain the following—

the name of each scheme participant and the performance of the participant in relation to the participant’s individual certificate target in the compliance period,

the total number of certificates surrendered in the compliance period,

the total number of certificates created in the compliance period,

the total number of certificates created in previous compliance period and not surrendered before the beginning of the compliance period to which the report relates,

an assessment of the extent of an under supply or over supply of certificates that may be surrendered in the compliance period,

an estimate, prepared by the Scheme Administrator, of the actual peak demand reduction capacity that is made available by end users under the peak demand reduction scheme in the compliance period, having regard to the number of certificates that have been created,

an estimate, prepared by the Scheme Administrator, of the actual peak demand reduction capacity that will be made available by end users under the peak demand reduction scheme in the next 10 years, having regard to the number of certificates that have been created.

For the purposes of subclause (2), a certificate created under an approved corresponding scheme that is not able to be surrendered by a scheme participant for the purposes of meeting its individual certificate target or remedying a carried forward shortfall is to be disregarded.

The report must also set out the functions delegated by the Scheme Regulator or Scheme Administrator and the person or body to whom the functions were delegated.

The Minister must lay the report or cause it to be laid before both Houses of Parliament as soon as practicable after receiving the report.

For the purposes of enabling the Scheme Regulator to prepare a report, the Scheme Administrator must provide to the Scheme Regulator—

the estimates the Scheme Administrator is required to prepare under subclause (2), and

other information that the Scheme Regulator reasonably requires to complete the report.

The first report under this clause must be prepared for the 2022–2023 compliance period.