Document ID: chunk:federal_register_of_legislation:C2006A00090:clause:1_207
Version: federal_register_of_legislation:C2006A00090
Segment Type: clause
Provision Reference: sch 1 cl 207
Character Range: 61320–62677

207  Transitional—relevant acquisitions of electricity

(1) This item applies if:
 (a) a person has lodged an energy acquisition statement for the year (the applicable year) ending on 31 December 2001, 31 December 2002, 31 December 2003, 31 December 2004 or 31 December 2005; and
 (b) the amount of electricity specified in the statement as having been acquired under relevant acquisitions is greater than the amount that would have been acquired under relevant acquisitions if the amendments made by items 81 and 84 had applied to the applicable year.

(2) If this item applies, the amount of electricity acquired under relevant acquisitions during the applicable year is taken to be the amount that would have been acquired under relevant acquisitions if the amendments made by items 81 and 84 had applied to the applicable year.

(3) If, after the application of this item, the person has a carried forward surplus at the end of the applicable year, the Regulator may, upon written application by the person:
 (a) reduce the carried forward surplus of the person for the applicable year (which may be to nil); and
 (b) reduce the renewable energy certificate shortfall of another person for the applicable year by a corresponding amount.

[Minister's second reading speech made in—
House of Representatives on 2 March 2006
Senate on 21 June 2006]
(13/06)