CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 28 Greater Sunrise unit area--adjustment of provisional emissions number

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 28

Scope

             (1)  This section applies if there is a provisional emissions number of a person for an eligible financial year in relation to covered emissions from the operation of a facility that is:

                     (a)  located in the Greater Sunrise unit area; and

                     (b)  not located in the Joint Petroleum Development Area;

during a period that is included in, or consists of, the eligible financial year.

Adjustment

             (2)  For the purposes of this Act, that provisional emissions number is taken to be the number worked out using the formula:

where:

"prescribed percentage" means the percentage (not exceeding 100%) specified in the regulations in relation to the facility for the eligible financial year.

"unadjusted provisional emissions number" means the number that, apart from this subsection, would be the provisional emissions number of the person for the eligible financial year in relation to covered emissions from the operation of the facility during the period.