New South Wales Consolidated Regulations New South Wales Consolidated RegulationsIf an election by an elective participant ceases to have effect and a further election is not made by the participant or is refused by the Tribunal:
(a) any greenhouse penalty payable in respect of the election period, and any greenhouse penalty payable for greenhouse shortfall carried forward from the previous year, is to be assessed and paid at the end of that period as if the election were still in force, and
(b) a greenhouse shortfall may not be carried forward if so provided by the greenhouse gas benchmark rules.