The purposes of the Renewable Energy Special Account are as follows:
(a) paying amounts under paragraph 30N(3)(b) in relation to the transfer of certificates;
(b) paying amounts under subparagraph 30P(4)(b)(ii) in relation to the transfer of certificates;
(c) refunding amounts under regulations made for the purpose of paragraph 30U(2)(i);
(d) paying amounts of GST for which the Regulator is liable because of the creation of certificates for purchasers under section 30P.
Note: See section 80 of the
Public Governance, Performance and Accountability Act 2013 (which deals with
special accounts).