21
In forceElections by scheme participants
Schedule 4AEnergy security safeguard schemes
Part 1Energy savings scheme
Division 4Individual energy savings targets
21 Elections by scheme participants
(1)
An election by a scheme participant to surrender an energy savings certificate for the purpose of meeting its individual energy savings target or remedying a carried forward shortfall, or to carry forward an energy savings shortfall, must be made to the Scheme Regulator in accordance with this Part.
(2)
An election has no effect unless it is accepted by the Scheme Regulator.
Note.
The election must accompany the scheme participant’s annual energy savings statement. See Division 6.
This Act’s bill:Explanatory memorandumSecond reading speech
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