Australian Capital Territory Numbered Acts

CONSTRUCTION AND ENERGY EFFICIENCY LEGISLATION AMENDMENT ACT 2014 (NO. 2 OF 2014) - SECT 39

substitute

22     Penalties for noncompliance

    (1)     If a NERL retailer's retailer energy savings result is a net shortfall, the retailer is liable to pay a penalty (a shortfall penalty ) to the Territory.

    (2)     If a tier 1 NERL retailer's retailer priority household result is a net shortfall, the retailer is liable to pay a shortfall penalty to the Territory.

    (3)     A shortfall penalty is $70 per tonne of carbon dioxide equivalent greenhouse gas emissions in the net shortfall.

Note     A shortfall penalty imposed under this Act must be paid to the Territory.

    (4)     In this section:

"net shortfall" means—

        (a)     for a tier 1 NERL retailer—the total of the retailer's—

              (i)     retailer energy savings result shortfall less the amount of the shortfall that the retailer carries forward to the next compliance period; or

              (ii)     retailer priority household result shortfall less the amount of the shortfall that the retailer carries forward to the next compliance period; and

        (b)     for a tier 2 NERL retailer—the total of the retailer's retailer energy savings result shortfall, less—

              (i)     the amount of the shortfall that the retailer carries forward to the next compliance period; and

              (ii)     the retailer's energy savings contribution.