Output-Based Pricing System Regulations
Marginal note:Application of subsection 181(1) of the Act
75 (1) If the Minister requires a person, under subsection 181(1) of the Act, to remit a compliance unit, the Minister must provide the person a notice indicating the reason for the remittance, the number of compliance units to be remitted and the deadline by which the remittance is to be made.
Marginal note:Manner of remittance
(2) The compliance units remitted to the Minister under subsection 181(2) of the Act must
(a) in the case surplus credits, have been issued within five calendar years before the deadline indicated in the notice provided under subsection (1); and
(b) in the case of recognized units or credits or offset credits, have been issued for GHG reductions or removals that occurred within the eight calendar years before the deadline indicated in the notice provided under subsection (1).
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