Under the Renewable Energy Target (RET), liable entities are required to surrender certificates. The number of small-scale technology certificates required to be surrendered are calculated partly by the liable entities’ reduced acquisitions from the previous year.
If a liable entity did not lodge an energy acquisition statement for the previous year, they can apply to set their surrender amount for the first three quarters of the current assessment year.
Section 38AG of the Renewable Energy (Electricity) Act 2000 (the Act) outlines applications to set a required surrender amount. A liable entity may apply to set the surrender amount if they are a new liable entity, or an existing liable entity that did not lodge an energy acquisition statement in the previous year.
To be eligible to set the surrender amount, the liable entity must:
Before submitting the form, the liable entity must:
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.