ELECTRICITY SUPPLY ACT 1995 - SECT 97KB
Termination of scheme
ELECTRICITY SUPPLY ACT 1995 - SECT 97KB
Termination of scheme
97KB Termination of scheme
(1) The Governor may, by proclamation published
on the NSW legislation website, do either or both of the following--
(a)
prescribe a termination day for the scheme set out in this Part,
Editorial
note : For proclamation prescribing a termination day see 2012 (179) LW
11.5.2012.
(b) repeal any or all of the provisions of this Part.
(2) A
proclamation may be made only if the Minister has certified to the Governor
that the Minister is satisfied that a scheme will apply in New South Wales
that--
(a) has been or will be established (either nationally or in this State
and at least one or more other States or Territories), and
(b) is designed to
achieve outcomes that include the reduction of greenhouse gas emissions
associated with the production and use of electricity and encouragement of
participation in activities to offset the production of greenhouse gas
emissions nationally or in the participating jurisdictions.
(3) The repeal of
any provisions of this Part takes effect on the day (being a day not earlier
than the day on which the proclamation is published on the NSW legislation
website) specified in the proclamation.
(4) The termination day, or any day
specified in the proclamation for the repeal of a provision of this Part, must
not be a day that is earlier than the day on which the relevant scheme applies
in New South Wales.
(5) If the termination day is on 1 January in any year
there is no final compliance period.
(6) Regulations may be made for or with
respect to the effect of the repeal of any provisions on rights conferred or
obligations imposed under this Part.
(7) Without limiting subsection (6), the
regulations may specify conditions that must be complied with in respect of
the repeal of a provision.
