97ECWhen certificates may be created

97EC When certificates may be created

97EC When certificates may be created

(1) An abatement certificate may be created by an accredited abatement certificate provider immediately after the activity in respect of which it was created takes place.

(2) An abatement certificate cannot be created in relation to an activity later than 6 months after the end of the compliance period in which the activity takes place.

(2A) An abatement certificate cannot be created in relation to category A generation occurring on or after 1 July 2010 or such later day as may be prescribed by the regulations.

(2B) An abatement certificate cannot be created in relation to category A generation after 1 October 2010, or if a later day is prescribed under subsection (2A), more than 3 months after that later day.

(2C) If a later day is prescribed under subsection (2A), the regulations may also provide for transitional arrangements in relation to any category A generation occurring after 1 July 2010 and before that later day, including by providing an exemption from subsection (2).

(2D) An abatement certificate cannot be created in relation to an activity occurring on or after the termination day.

(2E) An abatement certificate cannot be created later than 2 months after the termination day.

(3) The regulations or greenhouse gas benchmark rules may specify when an activity is considered to have taken place for the purposes of this Part.

(4) (Repealed)

s 97EC: Ins 2002 No 122, Sch 1 [2]. Am 2009 No 36, Sch 1 [1]; 2009 No 100, Sch 1 [16].