A person who is a recipient of free carbon units under the Jobs and Competitiveness Program may be required to relinquish carbon units in the events or circumstances described under Part 13 of Schedule 1 to the Clean Energy Regulations 2011.
For instance, this might happen if:
- An entity ceases operating an EITE activity during a year for which it was provided assistance; or
- The application of the previous year adjustment, maximum cap adjustment and sub-threshold adjustment result in a negative allocation for a particular year;
- Other circumstances have resulted in too many free carbon units being incorrectly issued to the recipient.
The following table provides information about relinquishment requirements for persons other than liable entities, published in accordance with Division 5 of Part 9 of the Clean Energy Act 2011.
documentasset: Relinquishment requirements for persons other than liable entities
| Organisation Name | Identifying Details | Relinquishment requirement | Number of carbon units required to be relinquished | Number of carbon units relinquished | Detail of unpaid penalty amount | Notes |
|---|
| Wilmar Sugar Pty Ltd | 44 081 051 792 | Required to relinquish carbon units by 17 February 2014 under the Jobs and Competitiveness Program due to a negative allocation in accordance with Division 3 of Part 13 of Schedule 1 to the
Clean Energy Regulations 2011. | 2,049 | 2,049 | - | - |
| Causmag Ore Company Proprietary Limited | 73 004 301 517 | Required to relinquish carbon units by 3 June 2014 under the Jobs and Competitiveness Program due to a negative allocation in accordance with Part 13, Division 3 of Schedule 1 of the
Clean Energy Regulations 2011. | 192 | - | As at 16 March 2015: A penalty amount of $9,273.60 payable to the Commonwealth remains unpaid (this has been revised downwards from $74,913.30 as the result of a review by the Administrative Appeals Tribunal – see Notes). | The Regulator originally required Causmag Ore Company Proprietary Limited (Causmag) to relinquish 1,551 carbon units on the basis of information provided by Causmag in its 2013-14 JCP application. The decision was reconsidered and affirmed by the Regulator under section 283 of the
Clean Energy Act 2011. Causmag sought review of the decision in the Administrative Appeals Tribunal (AAT). In light of new information put forward by Causmag in the course of the AAT review, the Regulator and Causmag agreed – and the AAT affirmed – that Causmag’s relinquishment requirement should be 192 carbon units. |
| Alcan Gove Pty Limited | 76 000 453 663 | Required to relinquish carbon units by 2 October 2014 and 16 October 2014 under the Jobs and Competitiveness Program due to closure of equipment in accordance with Part 13, Division 2 of Schedule 1 of the Clean Energy Regulations 2011. | 547,208 | 547,208 | - | - |
For information about relinquishment requirements for liable entities, published in accordance with Division 1 (sections 190 to 192) of Part 9 of the Clean Energy Act 2011, please refer to the Liable Entities Public Information Database (LEPID).