The purpose of this Act is to amend the Victorian Energy Efficiency Target Act 2007 —
(a) to specify the VEET scheme target for the years 2016, 2017, 2018, 2019 and 2020; and
(b) to provide that the VEET scheme target for each year from 2021 to 2029 is to be specified by regulations; and
(c) to require that the greenhouse gas reduction rates for electricity and for gas are to be fixed having regard to the VEET scheme target.