129Estimation error unit shortfall

129 Estimation error unit shortfall

Scope (1) This section applies if: (a) a person is a liable entity for an eligible financial year; and (b) the eligible financial year is a fixed charge year. Unit shortfall (2) If the person has one or more estimation error numbers for the eligible financial year: (a) the person has a unit shortfall under this section for the eligible financial year; and (b) the number of units in that shortfall is equal to the total of those estimation error numbers.

Note: Unit shortfall charge is imposed by whichever of the following is applicable:

(a) Part 3 of the Clean Energy (Charges—Excise) Act 2011;
(b) Part 3 of the Clean Energy (Charges—Customs) Act 2011;
(c) the Clean Energy (Unit Shortfall Charge—General) Act 2011.

Estimation error number (3) If: (a) the person gave the Regulator an estimate under subsection 126(4) for the eligible financial year; and (b) the number worked out using the formula in subsection (4) of this section exceeds zero; that number is an estimation error number of the person for the eligible financial year. (4) The formula is as follows: Image unavailable in extracted text where:

provisional emissions number means the provisional emissions number to which the estimate relates.