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CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 215 Set-off

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 215

Set-off

                   If:

                     (a)  an amount (the first amount ) is payable under section 212 or 213 by a person; 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.