100Issue of carbon units for a fixed charge

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#### 100 Issue of carbon units for a fixed charge Application (1) During the issue period set out in an item in the following table, a person may apply to the Regulator for the issue to the person of a specified number of carbon units: (a) with a vintage year set out in the item; and (b) for the per unit charge set out in the item; so long as: (c) the person is a liable entity for the vintage year; and (d) the person has a Registry account. ```html <table cellspacing="0" cellpadding="0" style="margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="4" style="width:343.65pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Issue of carbon units for a fixed charge</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Item</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Issue period</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Vintage year</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Charge per unit</td></tr></thead><tbody><tr><td style="width:24.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">1</td><td style="width:134.75pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the start of 1 April 2013; and(b) ending at the end of 15 June 2013.</td><td style="width:88.2pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2012</td><td style="width:63.4pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$23</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">2</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the emissions number publication time of the person for the eligible financial year beginning on 1 July 2012; and(b) ending at the end of 1 February 2014.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2012</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$23</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">3</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the start of 1 April 2014; and(b) ending at the end of 15 June 2014.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2013</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$24.15</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">4</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the emissions number publication time of the person for the eligible financial year beginning on 1 July 2013; and(b) ending at the end of 1 February 2015.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2013</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$24.15</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">5</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the start of 1 April 2015; and(b) ending at the end of 15 June 2015.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2014</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$25.40</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">6</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the emissions number publication time of the person for the eligible financial year beginning on 1 July 2014; and(b) ending at the end of 1 February 2016.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2014</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">$25.40</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">7</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the emissions number publication time of the person for the eligible financial year beginning on 1 July 2015; and(b) ending at the end of 1 February 2017.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2015</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the amount prescribed by the regulations for the purposes of this table item</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">8</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the emissions number publication time of the person for the eligible financial year beginning on 1 July 2016; and(b) ending at the end of 1 February 2018.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2016</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the amount obtained by multiplying the per unit charge applicable under item 7 by 1.07625</td></tr><tr><td style="width:24.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">9</td><td style="width:134.75pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The period:(a) beginning at the emissions number publication time of the person for the eligible financial year beginning on 1 July 2017; and(b) ending at the end of 1 February 2019.</td><td style="width:88.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the eligible financial year beginning on 1 July 2017</td><td style="width:63.4pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">the amount obtained by multiplying the per unit charge applicable under item 8 by 1.07625</td></tr></tbody></table> ``` > Note: For emissions number publication time, see section 5. (2) A person is not entitled to make an application during an issue period set out in item 7, 8 or 9 of the table in subsection (1) if no regulations are in force for the purposes of item 7 of the table. Maximum number of units—table items 1, 3 and 5 (3) An application made during an issue period set out in item 1, 3 or 5 of the table in subsection (1) must not specify a number of carbon units that exceeds the number worked out using the following formula: ![](image.009.png) Maximum number of units—table items 2, 4, 6, 7, 8 and 9 (4) An application made during an issue period set out in item 2, 4, 6, 7, 8 or 9 of the table in subsection (1) must not specify a number of carbon units that exceeds the number worked out using the following formula: ![](image.010.png) Form of application (5) An application must: (a) be in writing; and (b) be in a form approved, in writing, by the Regulator. Issue of units (6) If, during an issue period set out in an item in the table in subsection (1): (a) a person has applied for a specified number of carbon units with a particular vintage year; and (b) the person has tendered the total amount of charges payable for, or imposed on, the issue of the units; the Regulator must, as soon as practicable, issue to the person that number of carbon units with that vintage year. Automatic surrender of units (7) If a carbon unit is issued to a person in accordance with this section: (a) immediately after the issue of the unit, the person is taken to have surrendered the unit; and (b) the person is taken to have done so by electronic notice transmitted to the Regulator under subsection 122(1); and (c) the notice is taken to have: (i) specified the unit; and (ii) specified the vintage year of the unit as the eligible financial year to which the surrender relates; and (iii) specified the account number of the person’s Registry account in which there is an entry for the unit that is being surrendered. (8) A carbon unit issued to a person in accordance with this section cannot be transferred or relinquished. Publication of fixed charge (9) Before the start of each of the following eligible financial years: (a) the eligible financial year beginning on 1 July 2015; (b) the eligible financial year beginning on 1 July 2016; (c) the eligible financial year beginning on 1 July 2017; the Regulator must publish on its website the per unit charge applicable under subsection (1) for the issue of a carbon unit with a vintage year of that eligible financial year. Charge payable (10) If a carbon unit is issued to a person in accordance with this section, the person is liable to pay a charge for the issue of the unit. (11) Subsection (10) has effect only so far as it is not a law imposing taxation within the meaning of section 55 of the Constitution. > Note: See also: (a) Part 2 of the Clean Energy (Charges—Excise) Act 2011; and (b) Part 2 of the Clean Energy (Charges—Customs) Act 2011; and (c) the Clean Energy (Unit Issue Charge—Fixed Charge) Act 2011. (12) The amount of charge payable under subsection (10) for the issue of a carbon unit is the amount equal to the per unit charge set out in the application under subsection (1) for the issue of the unit. Recovery of charge (13) If a carbon unit is issued in accordance with this section, an amount of charge payable for, or imposed on, the issue of the unit: (a) is a debt due to the Commonwealth; and (b) may be recovered by the Regulator, on behalf of the Commonwealth, by action in a court of competent jurisdiction. Regulations (14) The Minister must take all reasonable steps to ensure that regulations are made for the purposes of item 7 of the table in subsection (1) before 31 May 2014. (15) Regulations must not be made for the purposes of item 7 of the table in subsection (1) on or after 1 June 2015.