Renewable Energy (Electricity) Act 2000.

The objects of this Act are: (a) to encourage the additional generation of electricity from renewable sources; (b) to reduce emissions of greenhouse gases in the electricity sector; and (c) to ensure that renewable energy sources are ecologically sustainable. This is done through the issuing of certificates for the generation of qualifying electricity and requiring certain purchasers ("liable entities") to surrender a specified number of certificates for the electricity that they acquire during a year. Where a liable entity does not have enough certificates to surrender, the liable entity will have to pay renewable energy shortfall charge.
Part II provides for the creation, trading and extinguishing of renewable energy certificates. The Renewable Energy Regulator established under section 142 has the general administration of this Act.