CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 76 Participating percentage determination made in response to an application

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 76

Scope

             (1)  This section applies if an application under section 74 has been made for a participating percentage determination for a joint venture in relation to a facility.

Making of determination

             (2)  After considering the application, the Regulator must make a determination that provides that, for each participant in the joint venture, a percentage specified in, or ascertained in accordance with, the determination is the participating percentage of that participant in relation to the facility.

             (3)  Different percentages may be specified in, or ascertained in accordance with, the determination for different participants.

             (4)  The total of the percentages specified in, or ascertained in accordance with, the determination must equal 100%.

Timing

             (5)  The Regulator must take all reasonable steps to ensure that a decision is made on the application:

                     (a)  if the Regulator requires the applicant to give further information under subsection 75(1) in relation to the application--within 30 days after the applicant gave the Regulator the information; or

                     (b)  otherwise--within 30 days after the application was made.