108Retirement of below‑baseline certificates

108  Retirement of below‑baseline certificates

 (1) The Regulator must not retire a below‑baseline certificate that has been created in respect of the eligible amount of electricity for a facility and a time period, or the residual amount for a facility and a calendar month, if:

 (a) the time period or the calendar month, as the case may be, ends before 1 January 2031; and

 (b) the rules prescribe conditions that apply to the retirement; and

 (c) those conditions are not satisfied.

 (2) Rules made for the purposes of paragraph (1)(b) may prescribe:

 (a) a condition that the registered owner of a below‑baseline certificate be undertaking a specified activity; or

 (b) a condition that a below‑baseline certificate be retired for a specified purpose; or

 (c) a condition that a request to retire a below‑baseline certificate be made before the end of a specified period beginning when the certificate is created.

 (3) Subsection (2) does not limit the rules that may be made for the purposes of paragraph (1)(b).