Page 3178 - Week 07 - Thursday, 30 June 2011

Clause 2

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2 Commencement

This Act commences on the day after its notification day.

Note The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).

Clause 5

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5 Payment for electricity from renewable energy generators

Section 8 (1)

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(1) For section 6 (3), payment must be at the following rate:

(a) for electricity generated by a micro renewable energy generator—

(i) if an eligible entity entered into a contract for the installation of the generator before 1 June 2011—

(A) 100% of the premium rate; or

(B) if a lower percentage is determined under section 9 for this paragraph—that percentage of the premium rate; or

(ii) if an eligible entity entered into a contract for the installation of the generator on or after 1 June 2011—

(A) 66% of the premium rate; or

(B) if a lower percentage is determined under section 9 for this paragraph—that percentage of the premium rate;

(b) for electricity generated by a medium renewable energy generator—

(i) if an eligible entity entered into a contract for the installation of the generator before the relevant date—

(A) 75% of the premium rate; or

(B) if a lower percentage is determined under section 9 for this paragraph—that percentage of the premium rate; or

(ii) if an eligible entity entered into a contract for the installation of the generator on or after the relevant date—

(A) 66% of the premium rate; or

(B) if a lower percentage is determined under section 9 for this paragraph—that percentage of the premium rate.