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Review panel had suggested 2 option to government as below. Below is the Summary Of Review.

Option 1: Abolish Full RET

  1. The SRES should terminate upon announcement.
  2. Those who contracted before the announcement for the installation of a small-scale system should receive the certificates they would have done.

Bring forward the phase-out of the SRES (Rebate Will Reduce By 50%)

In order to reduce the cost of the SRES while providing some support for new small-scale renewable energy systems, the Panel recommends that the phase-out of the SRES be brought forward in the following manner, to take effect immediately:

  1. Reduce the period for which certificates may be created for rooftop solar PV systems from 15 years to 10 years, and in each year from 2016 onwards further reduce the period for which
    certificates may be created.
SOURCES:

RET Review Report
NEWS.COM.AU
The Australian
Clean Energy Council (CEC)