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RENEWABLE ENERGY (ELECTRICITY) ACT 2000 - SECT 30U

Regulations about the operation of the clearing house

  (1)   The regulations may prescribe the policies, procedures and rules that apply in relation to the establishment and operation of the clearing house.

  (2)   In particular, the regulations may deal with any or all of the following matters:

  (a)   the time when applications may be made;

  (b)   the time within which, and the manner by which, applications must be dealt with;

  (c)   the withdrawal of certificates from the clearing house;

  (d)   the circumstances in which the Regulator may remove a certificate from the clearing house transfer list other than under paragraph   30L(2)(c);

  (e)   the timing and methods of payment of amounts;

  (f)   the publication of information about the clearing house, including publication of the clearing house transfer list;

  (g)   the keeping of records by the Regulator in relation to the operation of the clearing house;

  (h)   the fees that are payable in relation to matters connected with the clearing house (including matters connected with the Regulator's powers and functions in relation to the clearing house and the clearing house transfer list);

  (i)   the payment of refunds in the following circumstances:

  (i)   a small - scale technology certificate is transferred to a purchaser under section   30N but the transfer is not a taxable supply by the seller to the purchaser;

  (ii)   a small - scale technology certificate is created for a purchaser under section   30P but the creation of the certificate is not a taxable supply by the Regulator to the purchaser.

 



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