CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 137 Set-off
CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 137
Set-off(1) If:
(a) either of the following amounts (the first amount ) is payable by a person:
(i) an amount of unit shortfall charge;
(ii) an amount payable under section 135; and
(b) the following conditions are satisfied in relation to another amount (the second amount ):
(i) the amount is payable by the Commonwealth to the person;
(ii) the amount is of a kind specified in the regulations;
the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.
(2) If:
(a) either of the following amounts (the first amount ) is payable by a person:
(i) an amount of unit shortfall charge;
(ii) an amount payable under section 135; and
(b) an amount (the second amount ) is payable by the Commonwealth to the person under section 132;
the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.