Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) An amendment that reduces a benchmark participant's liability to pay a greenhouse penalty must be made within 1 year after the original assessment date.
(2) The regulator may make further amendment to an assessment if the regulator considers that it is necessary to alter any reduction in the benchmark participant's liability under the assessment.
(3) The regulator may make amendments mentioned in subsection (2) within 1 year after a greenhouse penalty became payable under the assessment.
(4) If an application is made by a benchmark participant for an amendment of an assessment within 1 year after a greenhouse penalty became payable under that assessment, the regulator may amend the assessment even though the period of 1 year has elapsed.