Commonwealth Numbered Acts Commonwealth Numbered Acts
Australian Renewable Energy Agency Act 2011
1 Subsection 64(1) (table)
Repeal the table, substitute:
|
Yearly maximum payments to ARENA |
||
|
Item |
Financial year |
Amount for financial year |
|
1 |
2013-2014 |
$581,276,000.00 |
|
2 |
2014-2015 |
$194,340,000.00 |
|
3 |
2015-2016 |
$89,991,000.00 |
|
4 |
2016-2017 |
$56,950,000.00 |
|
5 |
2017-2018 |
$499,893,000.00 |
|
6 |
2018-2019 |
$237,000,000.00 |
|
7 |
2019-2020 |
$468,340,000.00 |
|
8 |
2020-2021 |
$135,000,000.00 |
|
9 |
2021-2022 |
$135,000,000.00 |
2 Subsections 64(3) to (6)
Repeal the subsections.
3 Subsection 65(4) (note)
Omit "subsections 64(2) to (6)", substitute "subsection 64(2)".
4 Application
To avoid doubt:
(a) the amendments made by this Part do not affect how the Australian Renewable Energy Agency Act 2011 applied, before the commencement of this Part, in relation to the financial year 2012-2013; but
(b) for the purposes of that Act as amended by this Part, subsection 64(2) of that Act does not apply so as to carry over to the 2013-2014 financial year any unspent amount from the 2012-2013 financial year.
Note: The unspent amount from the 2012-2013 financial year has instead been directly factored into amounts specified in the table substituted by item 1.