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Victorian Energy Efficiency Target Amendment (Saving Energy, Growing Jobs) Act 2015

No. 61 of 2015

table of provisions

Section  Page

1Purpose

2Commencement

3Section 30 substituted

4Greenhouse gas reduction rates

5Regulations

6Repeal of amending Act

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Endnotes

1      General information

Victorian Energy Efficiency Target Amendment (Saving Energy, Growing Jobs) Act 2015

No. 61 of 2015

[Assented to 18 November 2015]

The Parliament of Victoria enacts:

1Purpose

The purpose of this Act is to amend the Victorian Energy Efficiency Target Act 2007—

(a)to specify the VEET scheme target for the years 2016, 2017, 2018, 2019 and 2020; and

(b)to provide that the VEET scheme target for each year from 2021 to 2029 is to be specified by regulations; and

(c)to require that the greenhouse gas reduction rates for electricity and for gas are to be fixed having regard to the VEET scheme target.

2Commencement

This Act comes into operation on 1 January 2016.

3Section 30 substituted

For section 30 of the Victorian Energy Efficiency Target Act 2007 substitute—

"30   VEET scheme target

The VEET scheme target is—

(a)in 2016, 5·4 million tonnes of carbon dioxide equivalent; and

(b)in 2017, 5·9 million tonnes of carbon dioxide equivalent; and

(c)in 2018, 6·1 million tonnes of carbon dioxide equivalent; and

(d)in 2019, 6·3 million tonnes of carbon dioxide equivalent; and

(e)in 2020, 6·5 million tonnes of carbon dioxide equivalent; and

(f)in each year in the period commencing 1 January 2021 and ending 31 December 2025, the target prescribed for that year by regulations made not later than 31 May 2020; and

(g)in each year in the period commencing 1 January 2026 and ending 31 December 2029, the target prescribed for that year by regulations made not later than 31 May 2025.".

4Greenhouse gas reduction rates

(1)In section 32(1) of the Victorian Energy Efficiency Target Act 2007, after "Council," insert "on the recommendation of the Minister and".

(2)After section 32(1) of the Victorian Energy Efficiency Target Act 2007 insert—

"(1A)In recommending the greenhouse gas reduction rates for electricity and for gas that are to be fixed in respect of a particular year, the Minister must have regard to the VEET scheme target in that year.".

5Regulations

In section 75(1)(l) of the Victorian Energy Efficiency Target Act 2007, for "section 30(b);" substitute "section 30(f) and (g);".

6Repeal of amending Act

This Act is repealed on 1 January 2017.

Note

The repeal of this Act does not affect the continuing operation of the amendments made by it (see section 15(1) of the Interpretation of Legislation Act 1984).

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Endnotes

1   General information

See for Victorian Bills, Acts and current authorised versions of legislation and up-to-date legislative information.

Minister's second reading speech—

Legislative Assembly: 7 October 2015

Legislative Council: 22 October 2015

The long title for the Bill for this Act was "A Bill for an Act to amend the Victorian Energy Efficiency Target Act 2007 in relation to the VEET scheme target and greenhouse gas reduction rates and for other purposes."