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ARTICLE · 28 JUNE 2010

Amendments to Renewable Energy Target Scheme Passed

Norton Rose Fulbright Australia
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The Renewable Energy (Electricity) Amendment Act 2010 (the Amendment Act) was passed by the Federal Parliament on 24 June 2010, and will make a number of significant changes to the legislative framework of the Renewable Energy Target (RET) which, for the most part, take effect from 1 January 2011. For a summary of the RET scheme, and its current short comings, see our legal update.

AustraliaEnergy and Natural Resources
Elisa De Wit
Elisa De Wit
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Introduction

The Renewable Energy (Electricity) Amendment Act 2010 (the Amendment Act) was passed by the Federal Parliament on 24 June 2010, and will make a number of significant changes to the legislative framework of the Renewable Energy Target (RET) which, for the most part, take effect from 1 January 2011. For a summary of the RET scheme, and its current short comings, see our legal update.

The Amendment Act separates the RET scheme into two parts – the Large scale Renewable Energy Target (LRET) and the Small scale Renewable Energy Scheme (SRES). This involves the creation of separate small-scale and large-scale obligations for liable entities and two new categories of renewable energy certificates:

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