Automatic termination of peak demand reduction scheme at end of year 2050
146 Automatic termination of peak demand reduction scheme at end of year 2050
The peak demand reduction scheme terminates at the end of the 2049–2050 compliance period.
This Part continues to have effect with respect to matters arising, including obligations incurred, before the termination of the peak demand reduction scheme.
Persons who are scheme participants in the compliance period 2049–2050 continue to be required to lodge an annual statement for the compliance period.
The requirements of this Part with respect to the conduct of audits and the provision of information, documents and evidence to the Scheme Regulator and Scheme Administrator continue to apply, even though the peak demand reduction scheme is terminated.
A reference in this Part to a scheme participant includes, after the peak demand reduction scheme is terminated, a reference to a former scheme participant.
This Act’s bill:Explanatory memorandumSecond reading speech
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