Over and under crediting refers to situations where a participant of the Renewable Energy Target or Emissions Reduction Fund receives more or less certificates or units than they are entitled to. While the agency endeavours to ensure that all certificates and units are allocated accurately, over or under crediting may occur from time to time.
The Clean Energy Regulator addresses any instances of over and under crediting by:
- contacting the client, and where required, seeking further information
- assessing the individual circumstances in accordance with the agency’s
Compliance, Education and Enforcement Policy, and risk appetite, and
- determining the appropriate action, and if required, work with the client to relinquish, surrender or issue units or certificates.
When determining the appropriate action required to correct any instance of over or under crediting, the Clean Energy Regulator will take into consideration any suspected or known fraud and non-compliance, and also whether the participant has come forward voluntarily.
The Clean Energy Regulator may also use its compliance and enforcement powers, including audits, and a review of a participant’s fit and proper person status.