CTHRepealedAct
Clean Energy Act 2011
26Joint Petroleum Development Area—adjustment of provisional emissions number
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#### 26 Joint Petroleum Development Area—adjustment of provisional emissions number
Scope
(1) This section applies if there is a provisional emissions number of a person for an eligible financial year in relation to covered emissions from the operation of a facility that is:
(a) located in the Joint Petroleum Development Area; and
(b) not located in the Greater Sunrise unit area;
during a period that is included in, or consists of, the eligible financial year.
Adjustment
(2) For the purposes of this Act, that provisional emissions number is taken to be the number worked out using the formula:
where:
> prescribed percentage means the percentage (not exceeding 100%) specified in the regulations in relation to the facility for the eligible financial year.
> unadjusted provisional emissions number means the number that, apart from this subsection, would be the provisional emissions number of the person for the eligible financial year in relation to covered emissions from the operation of the facility during the period.