Document ID: chunk:federal_register_of_legislation:F2024C01008:reg:55
Version: federal_register_of_legislation:F2024C01008
Segment Type: reg
Provision Reference: reg 55
Character Range: 62723–63514

55  Applying to retire quota entitlements
 (1) An SGG licensee may apply for the retirement of a specified percentage of the licensee's entitlement to HFC quotas for calendar years occurring in or after a specified HFC quota allocation period (the retirement period) (other than the first HFC quota allocation period) if:
 (a) the licensee has been allocated HFC quotas for the calendar years in the HFC quota allocation period occurring immediately before the retirement period; and
 (b) if the retirement period occurs after the second HFC quota allocation period—the quotas mentioned in paragraph (a) include amounts of grandfathered quota.
 (2) The application must:
 (a) be in writing; and
 (b) be given to the Minister no later than 30 June before the start of the retirement period.