18Production allocation for year 3 for a person registered for years 2 and 3

18 Production allocation for year 3 for a person registered for years 2 and 3

(1) Subject to subsection (2) and to compliance with any prescribed conditions under section 23, a person who is registered for years 2 and 3 is taken to have a production allocation in year 3 of 90% of the person’s production allocation in year 2.

Note: In relation to the effect of an additional allocation see subsection 20(1).

(2) Subject to compliance with any prescribed conditions under section 23, if a person who is registered for years 2 and 3 produces less bountiable fuel ethanol in year 2 than the person’s production allocation for that year, the person is taken to have a production allocation for year 3 of 90% of the person’s production of bountiable fuel ethanol in year 2.

Note: In relation to the effect of an additional allocation see subsection 20(2).