64Functions of regulator under Division

64 Functions of regulator under Division

64 Functions of regulator under Division

(1) If a regulator is not appointed under the Act, section 64, the functions of the regulator under this Division must be exercised by the Environment Protection Authority and not the Tribunal.

(2) The regulator must—

(a) make a calculation under this Division for a calendar year no more than 3 months after the information necessary for the calculation is reported by the Clean Energy Regulator under the National Greenhouse and Energy Reporting Act 2007 of the Commonwealth, section 24, and

(b) publish the calculation on the regulator’s website, and

(c) provide information about the following for inclusion in the report under the Act, section 70(2)—

(i) the calculation,

(ii) offset units procured and surrendered under clauses 62 and 63,

(iii) payments made under clause 62(3) as adjusted under clause 63(3).

(3) The regulator may exercise a function under this Division in relation to a calendar year during which an LTES agreement is in force even if at the time the function is exercised the LTES agreement is no longer in force.

cl 64: Ins 2022 (787), Sch 1[3].