57Below-baseline certificate retirement—Act, s 108(2)

57  Below-baseline certificate retirement—Act, s 108(2)

 (1) The Regulator must not retire a below-baseline certificate unless one of the following conditions applies to the retirement:

 (a) the certificate is to be retired in respect of the creation of a PGO certificate;

 (b) both of the following apply:

 (i) the person, for whose benefit the certificate is being retired, has been issued an EITE exemption certificate for the year in which the request is made;

 (ii) the EITE exemption certificate mentioned in subparagraph (i) specifies or describes an amount of exemption greater than zero;

 (c) the registered owner of the certificate who requested the retirement of the certificate:

 (i) is the eligible registered person for the registered renewable electricity facility that generated or dispatched the electricity in respect of which the certificate was created; and

 (ii) is the eligible registered person who applied to register the certificate; and

 (iii) requests the certificate be retired for the purposes of a registered renewable electricity facility consuming electricity; and

 (iv) is the eligible registered person for the facility mentioned in subparagraph (iii).

EITE exemption certificate means an exemption certificate within the meaning of the REE Act.