Document ID: chunk:federal_register_of_legislation:F2024C01008:reg:57
Version: federal_register_of_legislation:F2024C01008
Segment Type: reg
Provision Reference: reg 57
Character Range: 64941–65932

57  Retiring quota entitlements
 (1) If an SGG licensee applies under regulation 55 to retire a percentage of the licensee's entitlement to HFC quotas for calendar years occurring in or after a specified HFC quota allocation period, the Minister must:
 (a) by notifiable instrument, retire a specified percentage of the licensee's entitlement to HFC quotas for those years; or
 (b) refuse the application by written notice given to the applicant.
 (2) The percentage specified under paragraph (1)(a) must be:
 (a) the percentage specified in the application; or
 (b) a lesser percentage.
 (3) In deciding the application, the Minister:
 (a) must have regard to the likely demand for HFC in Australia in those years; and
 (b) must have regard to Australia's international obligations, and the policies of the Commonwealth Government, in relation to the manufacture, importation or consumption of scheduled substances; and
 (c) may have regard to any other matters he or she thinks relevant.