49CRules about assignment of credits

49C Rules about assignment of credits

49C Rules about assignment of credits

(1) A part of a credit cannot be assigned to an authorised discharge point.

(2) A credit cannot be assigned to an authorised discharge point unless:

(a) the holder of the credit holds a discharge licence, and

(b) the authorised discharge point is specified in that discharge licence.

(3) A credit cannot be assigned to an authorised discharge point if:

(a) the site discharge period for the authorised discharge point, as it relates to the block to which the assignment applies, has ended, or

(b) the credit, as it relates to the block to which the assignment applies, has been used at another authorised discharge point, or

(c) the authorised discharge point is in a restricted sector, unless subclause (4) applies.

(4) An assignment of a credit to an authorised discharge point in a restricted sector can be made if, immediately before the assignment, the credit was assigned to another authorised discharge point that is in the same sector.

(5) It is a condition of a discharge licence that the discharge licence holder does not assign a credit in contravention of this clause.

(6) An authorised discharge point is in a restricted sector if a sector credit discount factor of less than one applies to blocks in the sector that the authorised discharge point is in.

pt 4A (cll 49A–49D): Ins 2016 (775), Sch 1 [41].