CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 33 Liable entity--supply of natural gas

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 33

Preliminary emissions number

             (1)  For the purposes of this section, if:

                     (a)  during an eligible financial year, a natural gas supplier supplies an amount of natural gas to another person; and

                     (b)  it may reasonably be expected that the natural gas is wholly or partly for use by the other person; and

                     (c)  the natural gas is withdrawn from a natural gas supply pipeline for the purposes of the use; and

                     (d)  the withdrawal takes place in Australia; and

                     (e)  the other person did not quote the other person's OTN in relation to the supply mentioned in paragraph (a); and

                      (f)  the potential greenhouse gas emissions embodied in the amount mentioned in paragraph (a) have a carbon dioxide equivalence of a particular number of tonnes;

that number is a preliminary emissions number of the natural gas supplier for the eligible financial year.

Provisional emissions number and liable entity

             (2)  If the natural gas supplier has, under subsection (1), one or more preliminary emissions numbers for the eligible financial year, then, for the purposes of this Act:

                     (a)  the sum of the preliminary emissions numbers is a provisional emissions number of the natural gas supplier for the eligible financial year; and

                     (b)  the natural gas supplier is a liable entity for the eligible financial year.

Reduction of provisional emissions number

             (3)  If:

                     (a)  the natural gas supplier has, under subsection (2), a provisional emissions number for an eligible financial year; and

                     (b)  the natural gas supplier has one or more netted-out numbers for the eligible financial year (see subsection (4));

the provisional emissions number is to be reduced (but not below zero) by the total of those netted-out numbers.

Netted-out numbers

             (4)  The regulations may provide that, for the purposes of this section, a number ascertained in accordance with the regulations is a netted-out number of a natural gas supplier for an eligible financial year ascertained in accordance with the regulations.