Victorian Energy Efficiency Target Amendment (Shortfall Penalty Rates) Regulations 2020 (Vic)

Victorian Energy Efficiency Target Amendment (Shortfall Penalty Rates) Regulations 2020

S.R. No. 142/2020

TABLE OF PROVISIONS

Regulation  Page

1Objectives

2Authorising provision

3Principal Regulations

4Secretary may publish specifications

5Regulation 41 substituted

═════════════

Endnotes

STATUTORY RULES 2020

S.R. No. 142/2020

Victorian Energy Efficiency Target Act 2007

Victorian Energy Efficiency Target Amendment (Shortfall Penalty Rates) Regulations 2020

The Governor in Council makes the following Regulations:

Dated: 15 December 2020

Responsible Minister:

LILY D'AMBROSIO
Minister for Energy, Environment and Climate Change

CLAIRE CHISHOLM

Clerk of the Executive Council

1Objectives

The main objectives of these Regulations are to amend the Victorian Energy Efficiency Target Regulations 2018—

(a)to prescribe a new shortfall penalty rate; and

(b)change the requirement for the Secretary to publish specifications.

2Authorising provision

These Regulations are made under section 75 of the Victorian Energy Efficiency Target Act 2007.

3Principal Regulations

In these Regulations, the Victorian Energy Efficiency Target Regulations 2018[1] are called the Principal Regulations.

4Secretary may publish specifications

In regulation 35(4)(a) of the Principal Regulations omit "in the Government Gazette and".

5Regulation 41 substituted

For regulation 41 of the Principal Regulations substitute—

"41   Shortfall penalty rate

The prescribed shortfall penalty rate for the purposes of section 28 of the Act is—

(a)for 2019, $50; and

(b)for 2020, $50.83; and

(c)for 2021, $70; and

(d)for 2022, $80; and

(e)for every subsequent year, $90.".

═════════════

Endnotes

[1] Reg. 3: S.R. No. 145/2018.