Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:4_424e
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 4 cl 424E
Character Range: 190116–190720

424E  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 424J.

 (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 424F.

number of advance days is worked out under section 424G.