Liable entities may request an amendment to their 2018 energy acquisition statement (EAS) under section 45A of the Renewable Energy (Electricity) Act 2000 (the REE Act) where information has changed.
An amendment may be requested for various reasons, including:
If there are any changes to the amount of reduced acquisitions for the 2018 assessment year, an amendment under section 45A the REE Act must be requested.
Liable entities that would like to request an amendment to their 2018 EAS must do so within 12 months of lodging their original EAS. The functionality for liable entities to request amendments to their 2018 EAS will be available in the REC Registry from 1 January – 14 February 2020. It is recommended that liable entities make their requests for 2018 EAS amendments at the same time as lodgement of their 2019 EAS.
The REC Registry guideline provides step by step instructions on using the REC Registry.
Liable entities may surrender additional small-scale technology certificates and large-scale generation certificates to acquit an increased liability, when requesting an amendment. If a liable entity does not surrender certificates to acquit an increased certificate liability, the liable entity may be required to pay the renewable energy shortfall charge.
The Clean Energy Regulator will validate amendment requests during the 2019 EAS validation process.
Where the Clean Energy Regulator agrees to an amendment request, the EAS amendment will be approved and the REC Registry will be updated to reflect that outcome.
If the Clean Energy Regulator does not agree to an amendment request, the EAS will be amended under section 45B of the REE Act, and may also be assessed under one of the following sections of the REE Act:
If an amendment under section 45B occurs, resulting in an increase of an entity’s certificate liability, the liable entity will be provided an opportunity to surrender additional certificates under section 45C of the REE Act.
For more information contact the RET Liability and EITE Section at RETLiability@cleanenergyregulator.gov.au or 1300 553 542.
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