Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:3_61c
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 3 cl 61C
Character Range: 133263–133863

61C  Amount of a clean energy advance

 (1) On the day (the decision day) that the Commission determines that a person is eligible for a clean energy advance for a clean energy underlying payment, the Commission must work out the amount of the advance.

Note: The advance will be paid in a lump sum as soon as is reasonably practicable: see section 61G.

 (2) The amount of the advance is the result of the following formula rounded up to the nearest multiple of $10:
where:

clean energy advance daily rate is worked out under section 61D.

number of advance days is worked out under section 61E.