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Renewable Energy Target liability deadline is approaching – 15 February 2021

09 February 2021

On or before Monday 15 February 2021, liable entities who made a relevant acquisition in 2020 must comply with their Renewable Energy Target (RET) obligations by:

If information reported in the 2019 EAS has changed, you must also lodge an amendment to the 2019 EAS. Amendments can result from changes to Australian Energy Market Operator (AEMO) or AEMO Western Australia final settlement data or revised meter data.

Lodgement and surrender functions are available through the REC Registry.

Certificate surrender and shortfall

Liable entities may carry forward less than 10% of their LGC liability in total without incurring a shortfall charge. Shortfall charges apply in all other circumstances where insufficient certificates are surrendered.

Shortfall in any amount can impact a liable entity's eligibility to claim a refund of previously paid shortfall charges. If you are intending on paying shortfall charges, please ensure you seek advice from a tax accountant on the treatment of claiming refunds.

All certificate shortfalls are published on our website and in the RET Administrative Report to Australian Parliament.

When to contact us

You should contact us as soon as possible if you:

  • lodged an EAS in 2019 but did not make any relevant acquisitions in 2020
  • do not intend to surrender their full required amount of certificates, or
  • intend to make a refund claim.

More information

See Scheme compliance for more information on the obligations of liable entities.

Email RETLiability@cleanenergyregulator.gov.au or call us on 1300 553 542 if you have any questions.



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