Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

I move government amendment (1) on sheet CA252:

(1)    Schedule 1, page 63 (after line 29), after item 119, insert:

119A  Subsection 23B(2)

After “multiplied by”, insert “a number that does not exceed”.

This is an amendment which enables the alteration, in certain circumstances, of the solar credits multiplier. It is in step with some of the amendments which have previously been dealt with. This amendment allows for the solar credits multiplier for small generation units to be reduced in circumstances specified in regulations. It is the intention that solar credits would be able to be reduced if the Renewable Energy Regulator determines there is systemic evidence of a range of issues, including relatively small or no out-of-pocket expense. We intend to consult industry on draft regulations that will come into force in the future in relation to this issue, so this amendment is to enable such regulations to be made.