Commonwealth Consolidated Acts

RENEWABLE ENERGY (ELECTRICITY) ACT 2000 - SECT 45D

Large - scale generation certificates

  (1)   A liable entity cannot surrender a large - scale generation certificate for a year under this Subdivision   unless:

  (a)   the certificate was created before the end of the year; and

  (b)   the liable entity is recorded in the register of large - scale generation certificates as the owner of the certificate at whichever of the following times applies:

  (i)   for surrender under section   44A--the time when the energy acquisition statement is lodged;

  (ii)   for surrender under section   45A--the time when the Regulator makes the amendment of the energy acquisition statement;

  (iii)   for surrender under section   45C--the time when the additional surrender notice is lodged; and

  (c)   the certificate is valid at the time that applies under paragraph   (b).

Small - scale technology certificates

  (2)   A liable entity cannot surrender a small - scale technology certificate for a quarter of a year under this Subdivision   unless:

  (a)   either:

  (i)   the liable entity acquired the certificate under Division   4 of Part   2A (purchase of certificates through the clearing house); or

  (ii)   if subparagraph   (i) does not apply--the certificate was created before the end of the year; and

  (b)   the liable entity is recorded in the register of small - scale technology certificates as the owner of the certificate at whichever of the following times applies:

  (i)   for surrender under section   45--the time when the surrender instrument for the quarter is lodged;

  (ii)   for surrender under section   45A--the time when the Regulator makes the amendment of the energy acquisition statement;

  (iii)   for surrender under section   45C--the time when the additional surrender notice is lodged; and

  (c)   the certificate is valid at the time that applies under paragraph   (b).

  (3)   The liable entity cannot surrender a small - scale technology certificate for a quarter of the year under this Subdivision   if, at the time that applies under paragraph   (2)(b), the certificate is on the clearing house transfer list (see section   30L).