57Retiring quota entitlements

#### 57 Retiring quota entitlements (1) If an SGG licensee applies under regulation 55 to retire a percentage of the licensee’s entitlement to HFC quotas for calendar years occurring in or after a specified HFC quota allocation period, the Minister must: (a) by notifiable instrument, retire a specified percentage of the licensee’s entitlement to HFC quotas for those years; or (b) refuse the application by written notice given to the applicant. (2) The percentage specified under paragraph (1)(a) must be: (a) the percentage specified in the application; or (b) a lesser percentage. (3) In deciding the application, the Minister: (a) must have regard to the likely demand for HFC in Australia in those years; and (b) must have regard to Australia’s international obligations, and the policies of the Commonwealth Government, in relation to the manufacture, importation or consumption of scheduled substances; and (c) may have regard to any other matters he or she thinks relevant.