3Object

3 Object

(1) The object of this Act is to improve the identification and evaluation of energy efficiency opportunities by large energy using businesses and, as a result, to encourage implementation of cost effective energy efficiency opportunities. (2) In order to achieve its object, this Act requires large energy using businesses: (a) to undertake an assessment of their energy efficiency opportunities to a minimum standard in order to improve the way in which those opportunities are identified and evaluated; and (b) to report publicly on the outcomes of that assessment in order to demonstrate to the community that those businesses are effectively managing their energy.