Commonwealth Numbered Acts

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RENEWABLE ENERGY (ELECTRICITY) ACT 2000 - SECT 50

Refund of overpaid amounts
(1)
If, because an assessment is amended, a person's liability to renewable energy shortfall charge is reduced:

(a)
the amount by which the charge is reduced is taken, for the purposes of section 70, never to have been payable; and

(b)
the Regulator must:

(i)
refund any overpaid amount; or
(ii)
apply any overpaid amount against the person's liability (if any) to the Commonwealth and refund any part of the amount that is not so applied.
(2)
In subsection (1):

"overpaid amount" includes any overpaid amount of additional renewable energy shortfall charge under section 70 or Part 9.



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