55ALarge gas consuming facility

#### 55A Large gas consuming facility (1) For the purposes of this Act, if: (a) a facility passes the threshold test set out in subsection (3) for a financial year; and (b) the financial year began on or after 1 July 2010; then, at all times after the start of the second 1 July that occurs after the end of the financial year, the facility is a large gas consuming facility. (2) However, if the conditions specified in the regulations are satisfied in relation to a large gas consuming facility, the facility is taken to cease to be a large gas consuming facility at a time ascertained in accordance with the regulations. (3) For the purposes of subsection (1), a facility passes the threshold test for a financial year if so much of the total amount of covered emissions from the operation of the facility during the financial year as is attributable to the combustion of natural gas has a carbon dioxide equivalence of not less than: (a) 25,000 tonnes; or (b) if another number of tonnes is specified in the regulations—the specified number of tonnes.