Automatic termination of scheme at end of year 2050
80 Automatic termination of scheme at end of year 2050
The scheme terminates at the end of the year 2050.
This Part continues to have effect with respect to matters arising (including obligations incurred) before the termination of the scheme.
In particular, persons who are scheme participants in the year 2050 continue to be required to lodge an energy savings statement in respect of that year in accordance with this Part, and 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 scheme is terminated.
A reference in this Part to a scheme participant includes, after the scheme is terminated, a reference to a former scheme participant.
This Act’s bill:Explanatory memorandumSecond reading speech
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