Clean Energy Finance Corporation Act 2012
4Definitions
Start here
Get a plain-English read of 4
Turn the raw legal text into a practical explanation grounded in Clean Energy Finance Corporation Act 2012.
4 Definitions
In this Act:
Account means the Clean Energy Finance Corporation Special Account established by section 45.
acquire includes acquire by way of issue.
ARENA means the Australian Renewable Energy Agency.
asset means:
(a) any kind of real or personal property; or
(b) any legal or equitable estate or interest in real or personal property; or
(c) any legal or equitable right.
Australia, when used in a geographical sense, includes the external Territories.
Australia’s greenhouse gas emissions reduction targets means:
(a) if:
(i) Australia’s current nationally determined contribution was communicated in accordance with Article 4 of the Paris Agreement in June 2022; and
(ii) that nationally determined contribution has not been adjusted in accordance with paragraph 11 of Article 4 of the Paris Agreement;
the greenhouse gas emissions reduction targets set out in paragraphs 10(1)(a) and (b) of the Climate Change Act 2022; or
(b) in any other case—the greenhouse gas emissions reduction targets included in:
(i) Australia’s current nationally determined contribution communicated in accordance with Article 4 of the Paris Agreement; or
(ii) if that nationally determined contribution has been adjusted in accordance with paragraph 11 of Article 4 of the Paris Agreement—that nationally determined contribution, as adjusted and in force from time to time.
Board means the Board of the Corporation.
Board member means a member of the Board (and includes the Chair).
CEO means the Chief Executive Officer of the Corporation.
Chair means the Chair of the Board.
clean energy technologies: see section 60.
Climate Change Convention means the United Nations Framework Convention on Climate Change done at New York on 9 May 1992, as amended and in force for Australia from time to time.
Note: The text of the Convention is set out in Australian Treaty Series 1994 No. 2 ([1994] ATS 2). In 2012, the text of a Convention in the Australian Treaty Series was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).