Commonwealth Consolidated Regulations

ENERGY GRANTS (CLEANER FUELS) SCHEME REGULATIONS 2004 - REG 7C

                For subsection 8 (1) of the Act, the amount of grant to which a claimant is entitled in relation to a quantity of renewable diesel is worked out using the formula:

where:

"renewable diesel amount" means the amount worked out under subregulation 5A (1).

"previous grant" means the total amount of cleaner fuel grant worked out in relation to any of the final fuel for which provisional entitlements arose before the qualifying time under section 5 of the Act.

Note    A quantity of final fuel might contain some components of renewable diesel for which provisional entitlements arose before the qualifying time under section 5 of the Act.