62ZGConditions under which peak demand reduction targets may be changed

62ZG Conditions under which peak demand reduction targets may be changed

62ZG Conditions under which peak demand reduction targets may be changed

(1) For the Act, Schedule 4A, clauses 84(4)(c) and 99(3)(c)—

(a) the evidence of an under supply of certificates must comprise evidence that, for each of 2 or more consecutive compliance periods, the scheme certificate target for the compliance period exceeded the number of certificates available to meet the target by 10% or more, and

(b) the evidence of an oversupply of certificates must comprise evidence that for a compliance period the number of certificates available to meet the scheme certificate target exceeded the target by 20% or more.

(2) A certificate created under an approved corresponding scheme that is unable to be surrendered by a scheme participant for the purposes of meeting the individual certificate target or remedying a carried forward shortfall must be disregarded.

cl 62ZG: Ins 2022 (607), Sch 1[57].