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This is a Bill, not an Act. For current law, see the Acts databases.
1998-1999-2000
The Parliament
of the
Commonwealth of
Australia
THE
SENATE
As read a third
time
Renewable
Energy (Electricity) (Charge) Amendment Bill
2000
No. ,
2000
A Bill for an Act to amend
the Renewable Energy (Electricity) (Charge) Act 2000, and for related
purposes
ISBN: 0642 464510
Contents
THIS bill originated in the Senate; and, having this day passed, is now
ready for presentation to the House of Representatives for its
concurrence.
HARRY EVANS
Clerk of the Senate
The Senate
8 December 2000 a.m.
A Bill for an Act to amend the Renewable Energy
(Electricity) (Charge) Act 2000, and for related
purposes
The Parliament of Australia enacts:
This Act may be cited as the Renewable Energy (Electricity) (Charge)
Amendment Act 2000.
This Act commences, or is taken to have commenced, immediately after the
commencement of the Renewable Energy (Electricity) (Charge) Act
2000.
Each Act that is specified in a Schedule to this Act is amended or
repealed as set out in the applicable items in the Schedule concerned, and any
other item in a Schedule to this Act has effect according to its
terms.
1 Section 6
Repeal the section, substitute:
(1) The rate of charge in relation to the year commencing on
1 April 2001 is $40 per MWh.
(2) For any later year, commencing on or after 1 April 2002, the rate of
charge is calculated by multiplying the rate of charge for the year before the
later year by the following indexation factor:
(3) The indexation factor is to be calculated to 3 decimal places, but
increased by .001 if the fourth decimal place is more than 4.
(4) Calculations under subsection (3):
(a) are to be made using only the index numbers published in terms of the
most recently published reference base for the Consumer Price Index;
and
(b) are to disregard indexation numbers that are published in substitution
for previously published index numbers (except where the substituted numbers are
published to take account of changes in the reference base).
(5) If the indexation factor worked out under subsection (3) would be less
than 1, the indexation factor is to be increased to 1. This subsection has
effect despite subsection (3).
(6) In this section:
CPI quarter means a period of 3 months ending on 31 March, 30
June, 30 September or 31 December.
index number means the All Groups Consumer Price Index number
(being the weighted average of the 8 capital cities) published by the Australian
Statistician.