This is a reminder for liable entities that the 2022 Quarter 3 deadline to surrender small-scale technology certificates (STCs) is on or before 28 October 2022.
The Clean Energy Regulator (CER) does not have any discretion to amend or extend this deadline. Failure to surrender the required number of STCs on time will result in a shortfall charge of $65 per certificate not surrendered.
You should now know if you will have enough certificates or need to purchase more from the STC clearing house for surrender.
Planning on using the STC clearing house?
- Ensure your REC Registry account details and user permissions are up to date.
- If you need to create a new or update an existing REC Registry account to enable users to buy STCs through the STC clearing house, visit the create account page for more information.
- To ensure that your account users can purchase certificates on behalf of the entity, they will require the 'Buy from the STC Clearing House' permission enabled. This permission can be enabled by your account administrators.
- It is important that payment is made into the account specified within the clearing house invoice you receive. This is a different account to other transactions you may have undertaken with the CER. If you have paid into the wrong account, there will be a delay in the timeframe to release certificates into your account.
- We recommend purchasing from the STC clearing house at least 5 to 10 business days before the surrender deadline. The only payment method accepted is through electronic funds transfer (EFT). You can choose a real time transfer if your bank provides this service, otherwise payments may take up to 5 business days to clear.
- Don't leave this to the last minute! If your buy order payment is not cleared in time to meet your surrender obligations by the deadline, you will incur a shortfall charge.
Surrender your certificates by logging into your REC Registry account and follow the steps below:
- select 'Surrender' from the left side panel
- select 'Liability surrender' from the drop-down menu
- click on the applicable 'Assessment year'
- click the 'STC surrender' icon
- enter the amount of certificate you need to surrender.
No further action is required if you have already surrendered your Q3 STCs.
For more guidance visit Forms and resources for liable entities.
If you require support, please contact us.