181Restrictions on assistance if closure contract has been entered into

#### 181 Restrictions on assistance if closure contract has been entered into No free carbon units to be issued (1) If: (a) a person who owns, operates or controls a generation complex has entered into a contract with the Commonwealth that relates to the closure of the generation complex; and (b) the contract contains a provision to the effect that the contract is a closure contract for the purposes of this Act in relation to all of the following eligible financial years: (i) the eligible financial year beginning on 1 July 2013; (ii) the eligible financial year beginning on 1 July 2014; (iii) the eligible financial year beginning on 1 July 2015; (iv) the eligible financial year beginning on 1 July 2016; no free carbon units are to be issued in accordance with this Part in respect of the generation complex. No free carbon units with a particular vintage year to be issued (2) If: (a) a person who owns, operates or controls a generation complex has entered into a contract with the Commonwealth that relates to the closure of the generation complex; and (b) the contract contains a provision to the effect that the contract is a closure contract for the purposes of this Act in relation to one or more specified eligible financial years; and (c) subsection (1) does not apply; no free carbon units with a vintage year of any of those eligible financial years are to be issued in accordance with this Part in respect of the generation complex.