21Requirement in lieu of newness requirement

21  Requirement in lieu of newness requirement

 (1) For subparagraph 27(4A)(a)(ii) of the Act, this section specifies a requirement in lieu of the newness requirement for a savanna sequestration project.

 (2) The requirement is that, for each project area:

 (a) the project area is a transferring project area; or

 (b) a project covered by a savanna emissions avoidance determination or by this determination has not been undertaken in any part of the project area; or

 (c) such a project has been undertaken in the project area or part of the project area, but no Australian carbon credit units have been issued in relation to any part of the project area while the project was covered by any such methodology determination.

Modification of operation of some provisions of this determination if paragraph (2)(c) is met

Note: For a project area that met the requirement of paragraph (2)(c), some provisions of this determination will operate in a modified manner to account for the project that has been previously undertaken. Subsection (3) sets out these modifications.

 (3) For a project area that met the requirement of paragraph (2)(c):

 (a) for the purposes of subsection 14(6), disregard the section 22 application or the section 29 application in which the project area referred to in paragraph (2)(c) was first identified; and

 (b) for the purposes of subsection 24(1), disregard the project referred to in paragraph (2)(c); and

 (c) for the purposes of subparagraph 26(2)(d)(i), in determining whether the project area was first added as a result of a section 29 application, disregard the addition of the project area referred to in paragraph (2)(c); and

 (d) for the purposes of the following:

 (i) paragraph 3(1)(a) of Schedule 1;

 (ii) paragraph 3(1)(a) of Schedule 2;

 (iii) paragraph (a) of the definition of CSeq,Prev in subsection 4(1) of Schedule 2;

  disregard any values that might have been calculated in relation to the project area referred to in paragraph (2)(c).