Victorian Numbered Acts

ELECTRICITY INDUSTRY AMENDMENT (TRANSITIONAL FEED-IN TARIFF SCHEME) ACT 2011 (NO. 64 OF 2011) - SECT 5

After section 40FC of the Electricity Industry Act 2000 insert —

        " 40FCA     Meaning of TFiT scheme period

    (1)     The TFiT scheme period for a TFiT scheme customer is the period—

        (a)     commencing on the TFiT scheme start day; and

        (b)     ending on the earlier of—

              (i)     the fifth anniversary of the TFiT scheme start day; or

              (ii)     the TFiT scheme end day.

    (2)     However, if there is a TFiT scheme end day, the TFiT scheme period for a TFiT scheme customer who has a contract in operation for the supply of TFiT scheme electricity to a relevant licensee or small retail licensee immediately before that day, and has been credited with a TFiT scheme credit at any time before that day, is the period—

        (a)     commencing on the TFiT scheme start day; and

        (b)     ending on the fifth anniversary of that commencement.".