Rural and Regional Adjustment Amendment Regulation (No. 4) 2008 (Qld)

Queensland Rural and Regional Adjustment Amendment Regulation (No. 4) 2008 Subordinate Legislation 2008 No. 245 made under the Rural and Regional Adjustment Act 1994 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of s 7 (Approval of schemes—Act, s 11) . . . . . . . . . 2 4 Amendment of schedule (Approved assistance schemes). . . . . . 2

Rural and Regional Adjustment Amendment Regulation (No. 4) 2008 [s 1] 1 Short title This regulation may be cited as the Rural and Regional Adjustment Amendment Regulation (No. 4) 2008 . 2 Regulation amended This regulation amends the RuralandRegionalAdjustmentRegulation 2000. 3 Amendment of s 7 (Approval of schemes—Act, s 11) Section 7— insert— ‘(w) the Smart Energy Savings Fund Scheme set out in the schedule, part 23; (x) the Queensland Renewable Energy Fund Scheme set out in the schedule, part 24.’. 4 Amendment of schedule (Approved assistance schemes) Schedule— insert— ‘Part 23 Smart Energy Savings Fund Scheme ‘230 Definitions for pt 23 ‘In this part— non-profit organisation means an organisation that is not carried on for the profit or gain of its individual members. Example of entities that may be non-profit organisations — charities, churches, clubs, environment protection societies scheme means the scheme set out in this part. Smart Energy Savings Fund means the fund of that name established by the department in which the Electricity Act Page 2 2008 SL No. 245

Rural and Regional Adjustment Amendment Regulation (No. 4) 2008 [s 4] 1994 is administered to assist businesses or non-profit organisations to invest in commercial energy savings projects in Queensland. ‘231 Objective of scheme ‘The objective of the scheme is to provide, and administer matters about, loans made from the Smart Energy Savings Fund. Note — Under the Smart Energy Savings Fund, a person may receive funding as a loan or grant. Under this scheme, the authority will administer matters about loans made from the Smart Energy Savings Fund. ‘232 Purpose of assistance ‘The purpose of assistance under the scheme is to help businesses or non-profit organisations to improve energy efficiency in buildings, appliances and industrial processes in Queensland. ‘233 Nature of assistance ‘The nature of assistance under the scheme is loans at no interest or low rates of interest. ‘234 Eligibility criteria ‘(1) For a person to be eligible to receive assistance under the scheme, the person must be an applicant for funding from the Smart Energy Savings Fund who— (a) the relevant Minister is satisfied meets the requirements of a probity and due diligence assessment of the person carried out by the authority; and (b) has been advised by the relevant Minister that a loan to the person from the fund has been approved. ‘(2) In this section— 2008 SL No. 245 Page 3

Rural and Regional Adjustment Amendment Regulation (No. 4) 2008 [s 4] relevant Minister means the Minister administering the Electricity Act 1994 . ‘Part 24 Queensland Renewable Energy Fund Scheme ‘235 Definitions for pt 23 ‘In this part— Queensland Renewable Energy Fund means the fund of that name established by the department in which the ElectricityAct 1994 is administered to assist businesses to develop and deploy renewable energy generation technologies in Queensland. scheme means the scheme set out in this part. ‘236 Objective of scheme ‘The objective of the scheme is to provide, and administer matters about, loans made from the Queensland Renewable Energy Fund. ‘237 Purpose of assistance ‘The purpose of assistance under the scheme is to help businesses to develop and deploy innovative energy generation projects in Queensland. ‘238 Nature of assistance ‘The nature of assistance under the scheme is loans at no interest or low rates of interest. Page 4 2008 SL No. 245

Rural and Regional Adjustment Amendment Regulation (No. 4) 2008 [s 4] ‘239 Eligibility criteria ‘(1) For a person to be eligible to receive assistance under the scheme, the person must be an applicant for funding from the Queensland Renewable Energy Fund who— (a) the relevant Minister is satisfied meets the requirements of a probity and due diligence assessment of the person carried out by the authority; and (b) has been advised by the relevant Minister that a loan to the person from the fund has been approved. ‘(2) In this section— relevant Minister means the Minister administering the Electricity Act 1994 .’. ENDNOTES 1 Made by the Governor in Council on 24 July 2008. 2 Notified in the gazette on 25 July 2008. 3 Laid before the Legislative Assembly on . . . 4 The administering agency is the Department of Primary Industries and Fisheries. © State of Queensland 2008 2008 SL No. 245 Page 5