Output-Based Pricing System Regulations

Marginal note:Suspension

• 72 (1) For the purposes of subsection 180(1) of the Act, the Minister may suspend a surplus credit or offset credit in an account if the Minister has reasonable grounds to believe that the credit

  • (a) was already used;

  • (b) was issued on the basis of false or misleading information; or

  • (c) is no longer valid.

• Marginal note:Notice

  (2) The Minister must, without delay, notify the holder of the account of the suspension of the credit, the reasons for the suspension and the date on which it takes effect.

• Marginal note:Response

  (3) The holder of the account may, within 30 days after the day on which the Minister’s notice under subsection (2) is issued, submit to the Minister their reasons why the credit should not be suspended.