Electricity Supply Act 1995

The renewable fuel scheme terminates at the end of the 2044 compliance period.

This Part continues to have effect with respect to matters arising, including obligations incurred, before the termination of the renewable fuel scheme.

Persons who are scheme participants in the 2044 compliance period 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 renewable fuel scheme is terminated.

A reference in this Part to a scheme participant includes, after the renewable fuel scheme is terminated, a reference to a former scheme participant.

On the termination of the renewable fuel scheme, regulations may be made about the effect of the termination on rights conferred or obligations imposed under this Part.

Without limiting subclause (6), the regulations may—

prohibit scheme participants from carrying forward a shortfall, or part of a shortfall, for a compliance period to the following compliance period, and

specify other conditions that must be complied with following the termination.