PART 2Amendment of the Greenhouse Gas Emissions Trading Scheme Regulations 2012
Penalty for carrying out an unauthorised activity3
1
Regulation 52 (carrying out a regulated activity contrary to regulation 9) is amended as follows.
2
In paragraph (2), for “For each” substitute “Subject to paragraph (3), for each”.
3
For paragraph (3), substitute—
3
In imposing the penalty under paragraph (2), the regulator may increase the amount determined under that paragraph by a percentage designed to ensure that the penalty exceeds the amount of any economic benefit that P has obtained as result of the failure to comply with regulation 9.
4
In paragraph (4)(b), for “in accordance with” substitute “under”.