VICTORIAN RENEWABLE ENERGY ACT 2006 (NO 72 OF 2006) - SECT 62 Civil penalty for shortfall
VICTORIAN RENEWABLE ENERGY ACT 2006 (NO 72 OF 2006) - SECT 62
Civil penalty for shortfall(1) A relevant entity that has a renewable energy certificate shortfall for a year is liable to pay to the Consolidated Fund a pecuniary penalty ( "renewable energy shortfall penalty" ) determined in accordance with this section.
(2) The renewable energy shortfall penalty payable by a relevant entity for a year is determined by multiplying the relevant entity's renewable energy certificate shortfall (in MWh) for that year by the shortfall penalty rate for that year.