Commonwealth Consolidated Acts Commonwealth Consolidated ActsNumber of certificates
(1) The number of certificates (subject to subsection (2), each representing 1 MWh) that may be created in relation to a small generation unit is to be determined in accordance with the regulations.
Regulations may multiply number of certificates
(2) The regulations may provide that, in the circumstances specified by the regulations, the number of certificates that may be created in relation to a small generation unit that is installed during a period specified in column 1 of an item in the following table is to be multiplied by the number specified in column 2 of the item.
Note: The regulations may make provision in relation to the time at which a small generation unit is taken to have been installed (see subsection 23A(2)).
|
Multiplier for certificates for small generation units |
||
|
Item |
Column 1 |
Column 2 |
|
1 |
9 June 2009 to 30 June 2010 |
5 |
|
2 |
1 July 2010 to 30 June 2011 |
5 |
|
3 |
1 July 2011 to 30 June 2012 |
5 |
|
4 |
1 July 2012 to 30 June 2013 |
4 |
|
5 |
1 July 2013 to 30 June 2014 |
3 |
|
6 |
1 July 2014 to 30 June 2015 |
2 |
(3) However, the regulations may provide for a number of certificates to be multiplied only if the certificates relate to the first 1.5kW of the rated power output of the small generation unit.
(4) For the purposes of this Act, a certificate created in accordance with the regulations as mentioned in subsection (2) has a value of 1 MWh (even though the certificate does not actually represent 1 MWh).
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