Victorian Energy Efficiency Target Amendment
(Saving Energy, Growing Jobs) Act 2015
No. 61 of 2015
TABLE OF PROVISIONS
Section
1 Purpose
2 Commencement
3 Section 30 substituted
4 Greenhouse gas reduction rates
5 Regulations
6 Repeal of amending Act
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Endnotes
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Page
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2
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3
3
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4
General information
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Victoria
Victorian Energy Efficiency Target
Amendment (Saving Energy, Growing
Jobs) Act 2015†
No. 61 of 2015
[Assented to 18 November 2015]
The Parliament of Victoria enacts:
1 Purpose
The purpose of this Act is to amend the Victorian
Energy Efficiency Target Act 2007—
(a) to specify the VEET scheme target for the
years 2016, 2017, 2018, 2019 and 2020; and
(b) to provide that the VEET scheme target for
each year from 2021 to 2029 is to be
specified by regulations; and
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Victorian Energy Efficiency Target Amendment (Saving Energy, Growing
Jobs) Act 2015
No. 61 of 2015
(c) to require that the greenhouse gas reduction
rates for electricity and for gas are to be
fixed having regard to the VEET scheme
target.
2 Commencement
This Act comes into operation on 1 January 2016.
3 Section 30 substituted
For section 30 of the Victorian Energy
Efficiency Target Act 2007 substitute—
"30 VEET scheme target
The VEET scheme target is—
(a) in 2016, 5·4 million tonnes of carbon
dioxide equivalent; and
(b) in 2017, 5·9 million tonnes of carbon
dioxide equivalent; and
(c) in 2018, 6·1 million tonnes of carbon
dioxide equivalent; and
(d) in 2019, 6·3 million tonnes of carbon
dioxide equivalent; and
(e) in 2020, 6·5 million tonnes of carbon
dioxide equivalent; and
(f) in each year in the period commencing
1 January 2021 and ending
31 December 2025, the target
prescribed for that year by regulations
made not later than 31 May 2020; and
(g) in each year in the period commencing
1 January 2026 and ending
31 December 2029, the target
prescribed for that year by regulations
made not later than 31 May 2025.".
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Victorian Energy Efficiency Target Amendment (Saving Energy, Growing
Jobs) Act 2015
No. 61 of 2015
4 Greenhouse gas reduction rates
(1) In section 32(1) of the Victorian Energy
Efficiency Target Act 2007, after "Council,"
insert "on the recommendation of the Minister
and".
(2) After section 32(1) of the Victorian Energy
Efficiency Target Act 2007 insert—
"(1A) In recommending the greenhouse gas
reduction rates for electricity and for gas that
are to be fixed in respect of a particular year,
the Minister must have regard to the VEET
scheme target in that year.".
5 Regulations
In section 75(1)(l) of the Victorian Energy
Efficiency Target Act 2007, for "section 30(b);"
substitute "section 30(f) and (g);".
6 Repeal of amending Act
This Act is repealed on 1 January 2017.
Note
The repeal of this Act does not affect the continuing operation of
the amendments made by it (see section 15(1) of the
Interpretation of Legislation Act 1984).
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Victorian Energy Efficiency Target Amendment (Saving Energy, Growing
Jobs) Act 2015
No. 61 of 2015
Endnotes
Endnotes
1 General information
See www.legislation.vic.gov.au for Victorian Bills, Acts and current
authorised versions of legislation and up-to-date legislative information.
†
Minister's second reading speech—
Legislative Assembly: 7 October 2015
Legislative Council: 22 October 2015
The long title for the Bill for this Act was "A Bill for an Act to amend the
Victorian Energy Efficiency Target Act 2007 in relation to the VEET
scheme target and greenhouse gas reduction rates and for other purposes."
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