Income Tax Assessment Act 1997
View history note
Hide history note[ CCH Note: Div 421 will be inserted by No 9 of 2025, s 3 and Sch 1 item 3, effective 1 January 2026.]
[ CCH Note: Subdiv 421-A will be inserted by No 9 of 2025, s 3 and Sch 1 item 3, effective 1 January 2026.]
The initial reconciliation period for a * registered PGO certificate is the period that:
(a) starts immediately after the end of the financial year (the registration year for the certificate) in which the certificate was registered; and
(b) ends at the time specified by subsection (2) or (3) , whichever is later.
421-35(2)
If:
(a) a person is given a statement under section 60 of the Future Made in Australia (Guarantee of Origin Act) 2024 ; and
(b) the statement relates to PGO certificate activity (within the meaning of that Act) in connection with the * registered PGO certificate in the registration year for the certificate;
then the time specified by this subsection is the latest time by which such person is required, under section 61 of that Act, to give the Clean Energy Regulator a declaration in relation to such a statement.
Note:
If more than one person is given such a statement, different people may be required to give the Clean Energy Regulator declarations by different times. The time specified by this subsection is the latest of those times.
421-35(3)
If:
(a) a person is given a statement under section 60 of the Future Made in Australia (Guarantee of Origin Act) 2024 (the Guarantee of Origin Act ); and
(b) the statement relates to PGO certificate activity (within the meaning of the Guarantee of Origin Act) in connection with the * registered PGO certificate in the registration year for the certificate; and
(c) after the end of the registration year, and at or before the time specified by subsection (2) of this section, the person gives the Clean Energy Regulator declarations and information of the kind mentioned in paragraph 61(b) of the Guarantee of Origin Act; and
(d) the declarations include a declaration that particular information stated in the registered PGO certificate is not accurate or complete;
then the time specified by this subsection is the latest time at which the Clean Energy Regulator may decide, under section 62 of the Guarantee of the Origin Act, to correct the registered PGO certificate in response to declarations and information given by a person as mentioned in paragraphs (c) and (d) of this subsection.
Note:
If more than one person gives the Clean Energy Regulator declarations and information as mentioned in paragraphs (c) and (d) of this subsection then, for each such set of declarations and information, there will be a last time at which the Clean Energy Regulator may correct the PGO certificate in response to that set of declarations and information. The time specified by this subsection is the latest of those last times.
[ CCH Note: S 421-35 will be inserted by No 9 of 2025, s 3 and Sch 1 item 3, effective 1 January 2026.]
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