ELECTRICITY INDUSTRY ACT 2000 - SECT 40FCA Meaning of TFiT scheme period

ELECTRICITY INDUSTRY ACT 2000 - SECT 40FCA

    (1)     The TFiT scheme period for a TFiT scheme customer is the period—

        (a)     commencing on the TFiT scheme start day; and

        (b)     ending on the earlier of—

              (i)     the fifth anniversary of the TFiT scheme start day; or

              (ii)     the TFiT scheme end day.

    (2)     However, if there is a TFiT scheme end day, the TFiT scheme period for a TFiT scheme customer who has a contract in operation for the supply of TFiT scheme electricity to a relevant licensee or small retail licensee immediately before that day, and has been credited with a TFiT scheme credit at any time before that day, is the period—

        (a)     commencing on the TFiT scheme start day; and

S. 40FCA(2)(b) substituted by No. 35/2013 s. 7.

        (b)     ending on—

              (i)     the fifth anniversary of the TFiT scheme start day; or

              (ii)     if, after 31 December 2012, the customer modifies their TFiT scheme generating facility so that its installed or name-plate generating capacity is more than its capacity on 31 December 2012, the later of—

    (A)     the day on which section 7 of the Energy Legislation Amendment (Feed-in Tariffs and Other Matters) Act 2013 comes into operation; or

    (B)     the day on which that modification is made—

whichever occurs first.

S. 40FD (Heading) amended by No. 64/2011 s. 6(1).

S. 40FD inserted by No. 41/2009 s. 5, amended by No. 64/2011 s. 6(2).