18Default carbon pollution cap for a later flexible charge year

#### 18 Default carbon pollution cap for a later flexible charge year Scope (1) This section applies if there are no regulations in effect that declare the carbon pollution cap, and the carbon pollution cap number, for a particular flexible charge year beginning on or after 1 July 2016. Carbon pollution cap (2) The carbon pollution cap for the flexible charge year is a quantity of greenhouse gas that has a carbon dioxide equivalence of a number of tonnes equal to the number worked out using the following formula:  Carbon pollution cap number (3) The number worked out using that formula is the carbon pollution cap number for the flexible charge year.