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10 June 2023

Are Large Generation Certificates (LGCs) taxable although thet are a form of government incentive for renewable energy generation. They are issued under the Renewable Energy Target (RET) scheme, which aims to increase the proportion of renewable energy in Australia's electricity supply.

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WendyATO(Community Support)Community Support
13 June 2023

Hi @Sustainnovate,


If you're talking about when tax on refunds of Large-scale generation certificates shortfall charges. They're non-assessable non-exempt (NANE).


You can read more about Large-scale generation certificate and removing the tax on refunds.

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Are Large Generation Certificates (LGCs) taxable? | ATO Community