Commonwealth legislation

ARENA Act Subsection 64(3) Determination 2013/01

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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This determination authorises a $278.9 million transfer from the Clean Energy Initiative Special Account to the Australian Renewable Energy Agency (ARENA) for 2012–13, increasing ARENA’s available funding. It affects ARENA and clean‑energy project proponents by expanding the pool of grant and investment capital, and matters because it secures ARENA’s spending capacity without a new parliamentary appropriation.

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ARENA Act Subsection 64(3) Determination 2013/01

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ARENA Act Subsection 64(3) Determination 2013/01

I, PENELOPE YING YEN WONG, Minister for Finance and Deregulation, determine the amount of $278,892,619.29 for the purposes of subsection 64(3) of the Australian Renewable Energy Agency Act 2011 (ARENA Act), being an amount not exceeding the balance standing to the credit of the Clean Energy Initiative Special Account.

Subsection 64(4) of the ARENA Act provides that if I determine an amount for the purposes of subsection 64(3), the amount is debited from the Clean Energy Initiative Special Account. The table in subsection 64(1) of the ARENA Act then has effect as if the amount specified in the table for the 2012-2013 financial year were increased (or further increased) by that amount.

This Determination may be cited as the ARENA Act Subsection 64(3) Determination 2013/01.

Dated 25th June 2013

PENELOPE YING YEN WONG

Minister for Finance and Deregulation

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 ARENA Act Subsection 64(3) Determination 2013/01

ARENA Act Subsection 64(3) Determination 2013/01

This Determination may be cited as the ARENA Act Subsection 64(3) Determination 2013/01.

Dated 25th June 2013

PENELOPE YING YEN WONG

Minister for Finance and Deregulation