110Conditions under which peak demand reduction targets may be changed

110 Conditions under which peak demand reduction targets may be changed

110 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 over supply 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) For subsection (1), a certificate created under an approved corresponding scheme that is unable to be surrendered by a scheme participant to meet the individual certificate target or to remedy a carried forward shortfall must be disregarded.