OZONE PROTECTION AND SYNTHETIC GREENHOUSE GAS MANAGEMENT REGULATIONS 1995 - REG 49 Grandfathered quota--second HFC quota allocation period

OZONE PROTECTION AND SYNTHETIC GREENHOUSE GAS MANAGEMENT REGULATIONS 1995 - REG 49

Entitlement

  (1)   A person is entitled to an amount of grandfathered quota for each of 2020 and 2021 if:

  (a)   the person applies in accordance with regulation   44 for HFC quotas for the years; and

  (b)   the person holds an SGG licence that covers the whole of the second HFC quota allocation period; and

  (c)   HFC quotas were allocated to the person for the calendar years in the first HFC quota allocation period.

Amount

  (2)   The amount of grandfathered quota to which a person is entitled for 2020 or 2021 (the allocation year ) is the amount worked out using the following formula:

where:

"amount of licensed activities (grandfathered)" of a person means the lesser of:

  (a)   the total quantity (including nil) of HFCs, expressed in CO2e megatonnes, involved in licensed regulated HFC activities engaged in by the person during 2018; and

  (b)   the amount (including nil) of grandfathered quota included in the HFC quota allocated to the person for 2018.

"amount of licensed activities (non-grandfathered)" of a person means the lesser of:

  (a)   the total quantity (including nil) of HFCs, expressed in CO2e megatonnes, involved in licensed regulated HFC activities engaged in by the person during 2018, reduced (but not below nil) by the amount of licensed activities (grandfathered) of the person; and

  (b)   the amount (including nil) of non - grandfathered quota included in the HFC quota allocated to the person for 2018.

"total amount of licensed activities (grandfathered)" means the sum of the amounts of licensed activities (grandfathered) of each person who is entitled to grandfathered quota for the allocation year.

"total amount of licensed activities (non-grandfathered)" means the sum of the amounts of licensed activities (non - grandfathered) of each person who is entitled to grandfathered quota for the allocation year.