29Calculation of energy efficiency certificate shortfall

29 Calculation of energy efficiency certificate shortfall (1) The energy efficiency certificate shortfall of a relevant entity for a year is to be calculated in accordance with the formula— A – (B + C) "A" is the number of tonnes of carbon dioxide equivalent of greenhouse gas emissions that the relevant entity is liable for under section 31 in that year; "B" is the number of tonnes of carbon dioxide equivalent of greenhouse gas emissions attributable to certificates surrendered under section 33 by the relevant entity in that year; "C" is the number of tonnes of carbon dioxide equivalent of greenhouse gas emissions which are a carried forward surplus for the previous year. (2) If the result of the calculation under subsection (1)— (a) is greater than zero, the relevant entity has an energy efficiency certificate shortfall for the year equal to the result; S. 29(2)(b) amended by No. 15/2025 s. 55. (b) is zero or less than zero, the relevant entity does not have an energy efficiency certificate shortfall for the year; (c) is less than zero, the relevant entity has a carried forward surplus for the year. S. 30 substituted by No. 61/2015 s. 3.