11BOperational control—nominated group entity

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#### 11B Operational control—nominated group entity 256 Paragraph 11B(1)(a) Omit “more persons”, substitute “more group entities”. 257 Paragraph 11B(1)(a) Omit “relevant persons”, substitute “relevant group entities”. 258 Paragraph 11B(1)(b) Omit “person”, substitute “group entity”. 259 Paragraph 11B(1)(c) Omit “or 55A”. 260 Paragraph 11B(1)(d) Omit “an eligible financial year”, substitute “a designated financial year”. 261 Subsection 11B(2) Omit “persons”, substitute “group entities”. 262 Subsection 11B(2) Omit “person”, substitute “group entity”. 263 Paragraph 11B(4)(a) Omit “persons is a foreign person”, substitute “group entities is a foreign corporation”. 264 Paragraph 11B(4)(b) Omit “persons is not a foreign person”, substitute “group entities is not a foreign corporation”. 265 Subsection 11B(4) Omit “foreign person cannot”, substitute “foreign corporation cannot”. 266 Paragraph 11B(5)(b) Omit “persons”, substitute “group entities”. 267 Subsection 11B(7) Repeal the subsection. 268 Subsection 11B(8) Omit “eligible financial year” (wherever occurring), substitute “designated financial year”. 269 Subsection 11B(10) Omit “person” (wherever occurring), substitute “group entity”. 270 Paragraph 11B(15)(b) Omit “and”. 271 Paragraph 11B(15)(c) Repeal the paragraph. 272 Subsection 11B(15) Omit “person”, substitute “group entity”. 273 Subsection 11B(16) Repeal the subsection. 274 Paragraph 11B(17)(b) Omit “and”. 275 Paragraph 11B(17)(c) Repeal the paragraph. 276 Subsection 11B(17) Omit “persons”, substitute “group entities”. 277 Subsections 11B(18) and (19) Repeal the subsections. 278 Subsection 11B(21) Repeal the subsection, substitute: Exceptions (21) A group entity is not required to comply with subsection (20) if the question of who has operational control of the facility is not relevant (whether directly or indirectly) to a requirement under this Act. 279 Subsection 11B(22) Omit “person”, substitute “group entity”. 280 Subsection 11B(22) Omit “or 55A”. 281 Section 11C Repeal the section. 282 Paragraph 11D(1)(c) Repeal the paragraph. 283 Paragraphs 11D(1)(e) and (f) Repeal the paragraphs, substitute: (e) at any time during the preceding 5 years, the person has breached a civil penalty provision of this Act; or (f) if the person is a body corporate—at any time during the preceding 5 years, an executive officer of the body corporate has breached a civil penalty provision of this Act; or 284 Paragraphs 11D(1)(i) and (j) Repeal the paragraphs, substitute: (i) the person has been convicted of an offence against this Act; or (j) if the person is a body corporate—an executive officer of the body corporate has been convicted of an offence against this Act. 285 Subdivision A of Division 1 of Part 2 (heading) Repeal the heading. 286 Subsections 13(2) and (3) Omit “member of a controlling corporation’s group”, substitute “group entity”. 287 Subsection 13(4) Repeal the subsection. 288 Subdivision B of Division 1 of Part 2 Repeal the Subdivision. 289 Division 4 of Part 2 Repeal the Division. 290 Paragraph 18B(3)(b) Repeal the paragraph. 291 Subsection 19(1) (note 4) Repeal the note. 292 Subsection 19(4) Repeal the subsection. 293 Paragraphs 22(1)(a) and (b) Omit “(other than Part 3A or 3D)”. 294 Paragraphs 22(2)(a) and (b) Omit “(other than Part 3A or 3D)”. 295 Parts 3A and 3D Repeal the Parts. 296 Paragraph 22X(1)(a) Repeal the paragraph, substitute: (a) a facility is under the operational control of a member (the responsible member) of a controlling corporation’s group during the whole or a part of a financial year; and 297 Subsection 24(1AA) Repeal the subsection. 298 Subsection 24(1AD) Omit “22E or”. 299 Paragraph 24(1AE)(a) Omit “22E(2)(b) or”. 300 Subsection 24(1H) Omit “22E or”. 301 Subsection 24(1J) Omit “or financial control liability transfer certificate”. 302 Subsection 24(8) Omit “22E or”. 303 Subsection 25(1) Omit “22G, a person required to provide information under section 20, or a person required to provide a report under section 22A, 22AA, 22E or 22X”, substitute “22G or 22X, or a person required to provide information under section 20,”. 304 Subsection 30(2A) Omit “11C, 15A, 15AA, 22A, 22AA, 22E, 22X, 74AA”, substitute “22X”. 305 Section 54A Repeal the section. 306 Section 55A Repeal the section. 307 Paragraphs 56(aab), (aa), (ga) and (gb) Repeal the paragraphs. 308 Paragraph 56(j) Omit “75A;”, substitute “75A.” 309 Paragraphs 56(k) and (l) Repeal the paragraphs. 310 Section 74AA Repeal the section. 311 Subsection 74B(1) Repeal the subsection, substitute: (1) For the purposes of this section, a person is a relevant person if: (a) the person is the responsible member mentioned in subsection 22X(1); and (b) the person is not a registered corporation; and (c) the Regulator has reasonable grounds to suspect that the person has contravened, is contravening, or is proposing to contravene, this Act or the regulations. 312 Subsection 74C(1) Repeal the subsection, substitute: (1) For the purposes of this section, a person is a relevant person if the person: (a) is the responsible member mentioned in subsection 22X(1); and (b) is not a registered corporation. Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 313 Paragraphs 65C(1)(aa), (ab) and (ac) Omit “equal to the prescribed rate component of an amount of levy”. 314 Subsections 65C(4), (5) and (6) Repeal the subsections. 315 Sections 69AA to 69AD Repeal the sections. Petroleum Resource Rent Tax Assessment Act 1987 316 Subparagraph 28(1)(b)(iii) Omit “expenditure;”, substitute “expenditure.”. 317 Paragraph 28(1)(c) Repeal the paragraph. 318 Paragraph 44(1)(ia) Repeal the paragraph. Taxation Administration Act 1953 319 Subsection 355‑65(7) in Schedule 1 (table item 3) Repeal the item. Part 3—Application and transitional provisions Division 1—Preliminary 320 Objects (1) The main objects of this Part are: (a) to provide for the winding‑up of the carbon tax scheme; and (b) to ensure that carbon tax liabilities relating to: (i) the financial year beginning on 1 July 2012; or (ii) the financial year beginning on 1 July 2013; can be administered, collected and recovered after the start of 1 July 2014; and (c) to ensure that liable entities can take steps, after the start of 1 July 2014, to avoid being liable to pay unit shortfall charge in relation to the financial year beginning on 1 July 2013; and (d) to ensure that, after the start of 1 July 2014, the Regulator can issue carbon units that are required for the financial year beginning on 1 July 2013; and (e) to continue, after the start of 1 July 2014, the carbon tax related rights and obligations of liable entities, so far as those rights and obligations relate to: (i) the financial year beginning on 1 July 2012; or (ii) the financial year beginning on 1 July 2013. (2) The other objects of this Part are: (a) to ensure the validity of any carbon units issued as the result of an auction conducted before 1 July 2014; and (b) to cancel any carbon units that are not required for the financial year beginning on 1 July 2013; and (c) to ensure that, while carbon units remain in existence, the units remain subject to other Commonwealth laws. 321 Definitions In this Part: designated carbon unit day has the meaning given by item 322. Registry has the same meaning as in the Australian National Registry of Emissions Units Act 2011. Registry account has the same meaning as in the Australian National Registry of Emissions Units Act 2011. Regulator means the Clean Energy Regulator. 322 Designated carbon unit day (1) For the purposes of this Part, designated carbon unit day means: (a) 9 February 2015; or (b) if a later day is specified in an instrument under subitem (2)—that later day. (2) The Regulator may, by legislative instrument, specify a day for the purposes of paragraph (1)(b). (3) The Regulator must not make an instrument under subitem (2) unless the Regulator has made a determination under subsection 142(3) of the Clean Energy Act 2011 that relates to 2 February 2015. Note: Subsection 142(3) of the Clean Energy Act 2011 enables the Regulator to extend the 2 February 2015 surrender deadline. See also item 345A (deadlines of 1 February and 15 June). Division 2—Provisions relating to the Clean Energy Act 2011 and associated charge Acts 323 Winding‑up of the carbon tax scheme—recovery of liabilities attributable to pre‑1 July 2014 emissions etc. (1) Despite the repeal of the Clean Energy Act 2011 by this Schedule, that Act continues in force, subject to: (a) this Part; and (b) the modifications set out in the following table; as if that repeal had not happened. ```html <table cellspacing="0" cellpadding="0" style="margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:343.5pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Modifications of the Clean Energy Act 2011</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Modification</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:102.1pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 4</td><td style="width:194.9pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 5 (definitions of average carbon unit auction price, benchmark average auction charge, carbon pollution cap, carbon pollution cap number, designated limit, and designated limit percentage)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the definitions.</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 5 (definition of eligible financial year)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the definition, substitute:eligible financial year means:(a) the financial year beginning on 1 July 2012; or(b) the financial year beginning on 1 July 2013.</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 5 (definition of fixed charge year)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the definition, substitute:fixed charge year means:(a) the financial year beginning on 1 July 2012; or(b) the financial year beginning on 1 July 2013.</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 5 (definitions of flexible charge year and per‑tonne carbon price equivalent)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the definitions.</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 5 (definition of unit shortfall)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “128, 129 or 133”, substitute “128 or 129”.</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 5 (definition of vintage year)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “eligible”.</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:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Part 2</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the Part.</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">9</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsections 26(2), 27(2) and 28(2)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit all the words after “is taken to be”, substitute “zero”.</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">10</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Subdivision A of Division 4 of Part 3</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The Regulator must not issue an OTN under the Subdivision on or after 1 July 2014.</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">11</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">sections 42 and 43</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the sections.</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">12</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 43A</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The section ceases to have effect at the end of 30 June 2015.</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">13</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 45(3)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The subsection ceases to have effect at the end of 30 June 2015.</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">14</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsections 45(4) to (13)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The subsections cease to have effect at the start of 1 September 2014.</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">15</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 46(1)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The subsection has effect, on and after 1 September 2014, as if the words “(as it stood at a particular time before the start of 1 September 2014)” were inserted after “OTN Register”.</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">16</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 47</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The section ceases to have effect at the start of 1 August 2014.</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">17</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 64B</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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">18</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">paragraph 64F(1)(b)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the paragraph.</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">19</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 66(4)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The subsection ceases to have effect at the start of 1 August 2014.</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">20</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 70</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The Regulator must not make a declaration under the section on or after 1 July 2014.</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">21</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 71A</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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">22</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 72</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The Regulator must not give a notice under the section on or after 1 July 2014.</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">24</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 83</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The Regulator must not issue a certificate under the section on or after 1 July 2014.</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">25</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 87</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The Regulator must not issue a certificate under the section on or after 1 July 2014.</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">26</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">sections 89 and 90</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the sections.</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">27</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 93</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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">28</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 96(2)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “eligible”.</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">29</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 97 (note)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the note.</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">30</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 100(1) (table items 5, 6, 7, 8 and 9)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the table items.</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">31</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 100(2)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subsection.</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">32</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 100(3) (heading)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “1, 3 and 5”, substitute “1 and 3”.</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">33</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 100(3)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “1, 3 or 5”, substitute “1 or 3”.</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">34</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 100(4) (heading)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “2, 4, 6, 7, 8 and 9”, substitute “2 and 4”.</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">35</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 100(4)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “2, 4, 6, 7, 8 or 9”, substitute “2 or 4”.</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">36</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsections 100(9), (14) and (15)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subsections.</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">37</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">sections 101 and 102</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the sections.</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">38</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">sections 108 and 109</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the sections.</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">39</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 114</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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">40</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Division 1 of Part 6</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the Division.</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">41</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 122(1)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “during an eligible financial year”.</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">42</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsections 122(3), (4), (5), (9) and (11)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subsections.</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">43</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">sections 123 and 123A</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the sections.</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">44</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">paragraph 128(7)(d)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Before “this Division”, insert “if the eligible financial year began on 1 July 2012—“.</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">45</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Subdivision B of Division 3 of Part 6</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the Subdivision.</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">46</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 134(3)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subsection.</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">47</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 134A(3) (paragraph (b) of the definition of applicable amount for the financial year)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the paragraph.</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">48</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">paragraphs 142(3)(c), (e) and (f)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the paragraphs.</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">48A</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 144</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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">49</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">paragraph 145(5)(b)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the paragraph.</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">50</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">paragraph 145(5)(c)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the paragraph, substitute:(c) the principle that changes should not have a negative effect on recipients of assistance under the Jobs and Competitiveness Program;</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">51</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Division 5 of Part 7</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the Division.</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">52</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 160</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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">53</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">paragraphs 161(2)(b) and (c)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the paragraphs.</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">54</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 161(3)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subsection.</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">55</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 161(4)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “or (3)”.</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">56</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 161(5)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “a later”, substitute “an”.</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">57</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsections 161(6), (7), (8) and (9)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit “or (3)”.</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">58</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Part 9</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">The Part ceases to have effect at the end of 30 June 2015.</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">59</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Division 3 of Part 9</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the Division.</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">60</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">sections 196 and 196A</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the sections.</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">61</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsections 197(3) to (6)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subsections.</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">62</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 199</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">After “each quarter”, insert “that ends on or before 31 March 2015”.</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">63</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 200</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the section.</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">64</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 212(2) (subparagraph (d)(ii) of the definition of prescribed amount for the financial year in which the compliance deadline occurs)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subparagraph.</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">65</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subsection 212(3) (subparagraph (d)(ii) of the definition of prescribed amount for the financial year in which the compliance deadline occurs)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subparagraph.</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">66</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Part 12</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the Part.</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">67</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">paragraphs 262(1)(ma), (r), (u) and (v) and 263(2)(g), (i) and (j)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the paragraphs.</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">68</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 281 (table items 3, 4, 5, 7, 8, 11, 12, 13 and 16)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the table items.</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">69</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Part 22</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the Part.</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">70</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subparagraph 295(d)(iii)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subparagraph.</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">71</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subparagraph 295(e)(ii)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subparagraph.</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">72</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">subparagraph 295(i)(iii)</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the subparagraph.</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">73</td><td style="width:102.1pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">sections 303A and 303B</td><td style="width:194.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the sections.</td></tr></tbody></table> ``` Carbon units with a vintage year beginning on or after 1 July 2014 (2) The modification made by item 3 of the table in subitem (1) does not apply in relation to the issue of a carbon unit with a vintage year beginning on or after 1 July 2014, if the carbon unit was issued as a result of an auction conducted before 1 July 2014. Review of decisions (3) The modification of section 281 of the Clean Energy Act 2011 made by the table in subitem (1) does not apply to a decision made before 1 July 2014. Civil penalty orders (4) The modification of section 262 of the Clean Energy Act 2011 made by the table in subitem (1) does not apply to a contravention that occurred before 1 July 2014. 324 Application—repeal of Charge Acts Charge for issue of carbon units for a fixed charge (1) The repeal by this Schedule of the following Acts, so far as they relate to the issue of carbon units in accordance with section 100 of the Clean Energy Act 2011: (a) the Clean Energy (Charges—Customs) Act 2011; (b) the Clean Energy (Charges—Excise) Act 2011; (c) the Clean Energy (Unit Issue Charge—Fixed Charge) Act 2011; does not apply to the issue of carbon units with a vintage year beginning on 1 July 2012 or 1 July 2013. Charge for issue of carbon units as a result of an auction (2) The repeal by this Schedule of the following Acts, so far as they relate to the issue of carbon units as a result of an auction: (a) the Clean Energy (Charges—Customs) Act 2011; (b) the Clean Energy (Charges—Excise) Act 2011; (c) the Clean Energy (Unit Issue Charge—Auctions) Act 2011; does not apply to the issue of carbon units if the carbon units were issued as a result of an auction conducted before 1 July 2014. Charge on unit shortfall (3) The repeal by this Schedule of the following Acts, so far as they relate to a unit shortfall for a financial year: (a) the Clean Energy (Charges—Customs) Act 2011; (b) the Clean Energy (Charges—Excise) Act 2011; (c) the Clean Energy (Unit Shortfall Charge—General) Act 2011; does not apply to: (d) a unit shortfall for the financial year beginning on 1 July 2012; or (e) a unit shortfall for the financial year beginning on 1 July 2013. 325 Issue of carbon units The Regulator must not issue any carbon units after the start of the designated carbon unit day. 327 Cancellation of carbon units—designated carbon unit day Scope (1) This item applies if there was an entry for a carbon unit in a person’s Registry account at the start of the designated carbon unit day. Cancellation of unit (2) The Regulator must cancel the unit. (3) The Regulator must remove the entry for the unit from the person’s Registry account. (4) The Registry must set out a record of each cancellation under subitem (2). 328 Surrender of eligible Australian carbon credit units (1) If: (a) subsection 128(7) of the Clean Energy Act 2011 applies to a person because the person surrendered, in relation to the financial year beginning on 1 July 2013, eligible Australian carbon credit units; and (b) under paragraph (c) of that subsection, Division 3 of Part 6 of that Act has effect as if the person had not surrendered, during the period mentioned in paragraph (a) of that subsection, a particular number of eligible Australian carbon credit units; and (c) the person has a Registry account; then: (d) the Regulator must, by written notice given to the person, determine that specified eligible Australian carbon credit units that were surrendered by the person: (i) during that period; and (ii) in relation to the financial year beginning on 1 July 2013; are restored units for the purposes of this item; and (e) a restored unit is taken never to have been surrendered or cancelled; and (f) the Regulator must make an entry for a restored unit in a Registry account kept by the person. (2) The number of units specified in the determination must equal the number mentioned in paragraph (1)(b). (3) Subitem (1) does not affect the validity of the removal of the entry of a restored unit from a Registry account in accordance with paragraph 122(12)(b) of the Clean Energy Act 2011. (4) A determination under paragraph (1)(d) is not a legislative instrument. 329 Opt‑in Scheme (1) A reference in the Opt‑in Scheme to a financial year does not include a reference to a financial year beginning on or after 1 July 2014. (2) Regulations 3.48 and 3.50 of the Clean Energy Regulations 2011 cease to have effect at the end of 30 June 2014. Division 3—Provisions relating to other Acts 330 Transitional—A New Tax System (Goods and Services Tax) Act 1999 Despite the amendments of the A New Tax System (Goods and Services Tax) Act 1999 made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made. 331 Transitional—Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 Despite the amendments of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made. 332 Transitional—Australian National Registry of Emissions Units Act 2011 Despite the amendments of the Australian National Registry of Emissions Units Act 2011 made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made. 333 Transitional—Clean Energy Regulator Act 2011 (1) Despite the amendment of the definition of climate change law in section 4 of the Clean Energy Regulator Act 2011 made by this Schedule, that definition continues to apply, in relation to paragraph 12(a) and subsection 43(3) and section 44 of that Act, as if that amendment had not been made. (2) Each of the following: (a) this Act; (b) a legislative instrument under this Act; (c) the True‑up Shortfall Levy (General) (Carbon Tax Repeal) Act 2014; (d) the True‑up Shortfall Levy (Excise) (Carbon Tax Repeal) Act 2014; is taken to be a climate change law for the purposes of paragraph 12(a) and subsection 43(3) and section 44 of the Clean Energy Regulator Act 2011. 334 Application—amendments of the Fuel Tax Act 2006 The amendments of the Fuel Tax Act 2006 made by this Schedule apply to taxable fuel acquired, manufactured or imported on or after 1 July 2014. 335 Application—amendment of the Fuel Tax (Consequential and Transitional Provisions) Act 2006 The amendment of the Fuel Tax (Consequential and Transitional Provisions) Act 2006 made by this Act applies to taxable fuel acquired, manufactured or imported on or after 1 July 2014. 336 Application—amendments of the Income Tax Assessment Act 1997 (1) The repeal of section 26‑18 of the Income Tax Assessment Act 1997 by this Schedule does not apply to unit shortfall charge imposed on: (a) a unit shortfall for the financial year beginning on 1 July 2012; or (b) a unit shortfall for the financial year beginning on 1 July 2013. (2) Despite the amendments of the Income Tax Assessment Act 1997 made by this Schedule (other than the amendment of section 12‑5 or the repeal of section 26‑18), that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made. 337 Transitional—National Greenhouse and Energy Reporting Act 2007 General (1) Despite the amendments of the National Greenhouse and Energy Reporting Act 2007 made by this Schedule, that Act continues to apply, in relation to the following matters: (a) determining the meaning of the following expressions, when used in the Clean Energy Act 2011: (i) carbon dioxide equivalence; (ii) facility; (iii) greenhouse gas; (iv) group; (v) member, when used in relation to a group; (vi) non‑group entity; (vii) operational control; (viii) potential greenhouse gas emissions; (ix) provisional emissions number; (x) scope 1 emission of greenhouse gas; (b) the matters mentioned in subsections 10(3) to (9) of the National Greenhouse and Energy Reporting Act 2007, so far as those matters are relevant to the Clean Energy Act 2011; (c) reports under section 22A, 22AA or 22E of the National Greenhouse and Energy Reporting Act 2007; (d) records under section 22B, 22C or 22F of the National Greenhouse and Energy Reporting Act 2007; (e) applications under section 15A or 15AA of the National Greenhouse and Energy Reporting Act 2007; (f) the registration of persons under section 18A of the National Greenhouse and Energy Reporting Act 2007; (g) the publication of information under section 24 of the National Greenhouse and Energy Reporting Act 2007, so far as the information relates to: (i) the financial year beginning on 1 July 2012; or (ii) the financial year beginning on 1 July 2013; (h) audits under section 74AA of the National Greenhouse and Energy Reporting Act 2007; (i) audits under section 74B or 74C of the National Greenhouse and Energy Reporting Act 2007, so far as the audits relate to a person’s compliance with obligations under that Act (or regulations under that Act) in relation to: (i) the financial year beginning on 1 July 2012; or (ii) the financial year beginning on 1 July 2013; as if: (j) the National Greenhouse and Energy Reporting Act 2007 were modified as set out in the following table; and (k) those amendments had not been made; and (l) subitem (6) had not been enacted. ```html <table cellspacing="0" cellpadding="0" style="margin-left:0.25pt; border-collapse:collapse"><thead><tr><td colspan="3" style="width:343.6pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Modifications of the National Greenhouse and Energy Reporting Act 2007</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:148.55pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Provision</td><td style="width:148.55pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Modification</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:148.55pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 7 (definition of eligible financial year)</td><td style="width:148.55pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the definition, substitute:eligible financial year means:(a) the financial year beginning on 1 July 2012; or(b) the financial year beginning on 1 July 2013.</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">2</td><td style="width:148.55pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">section 7 (definition of fixed charge year)</td><td style="width:148.55pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top">Omit the definition, substitute:fixed charge year means:(a) the financial year beginning on 1 July 2012; or(b) the financial year beginning on 1 July 2013.</td></tr></tbody></table> ``` Thresholds (2) The amendments of the National Greenhouse and Energy Reporting Act 2007 made by this Schedule, so far as they are relevant to determining whether a controlling corporation’s group meets a threshold under section 13 of that Act for a financial year, apply in relation to a threshold for: (a) the financial year beginning on 1 July 2014; or (b) a later financial year. Reports (3) The amendments of the National Greenhouse and Energy Reporting Act 2007 made by this Schedule, so far as they relate to reports under section 19 of that Act, apply in relation to reports for: (a) the financial year beginning on 1 July 2014; or (b) a later financial year. (4) The amendments of the National Greenhouse and Energy Reporting Act 2007 made by this Schedule, so far as they relate to reports under section 22G or 22X of that Act, apply in relation to reports for: (a) the financial year beginning on 1 July 2014; or (b) a later financial year. Unsatisfactory compliance record (5) Despite the amendments of section 11D of the National Greenhouse and Energy Reporting Act 2007 made by this Schedule, that Act continues to apply, in relation to: (a) unpaid unit shortfall charge; and (b) a breach of a civil penalty provision of: (ii) the Clean Energy Act 2011; or (iii) a determination under section 113 of the Clean Energy Act 2011; and (c) a conviction of an offence against the Clean Energy Act 2011; as if those amendments had not been made. Regulations—carbon dioxide equivalence (6) If, immediately before the commencement of this item, regulations were in force for the purposes of paragraph (a) of the definition of carbon dioxide equivalence in section 7 of the National Greenhouse and Energy Reporting Act 2007, the regulations have effect, after that commencement, as if they had been made for the purposes of the definition of carbon dioxide equivalence in section 7 of that Act as amended by this Schedule. Deregistration—section 18A registrations (7) If: (a) a person was registered under the National Greenhouse and Energy Reporting Act 2007 because of the operation of section 18A of that Act; and (b) the person is registered under that Act as at the start of 1 July 2014; the Regulator must remove the person’s name from the Register. 338 Transitional—Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 Amounts to be credited to the Ozone Protection and SGG Account (1) Despite the amendments of section 65C of the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 made by this Schedule, that section continues to apply, in relation to levy for a quarter ending before 1 July 2014, as if those amendments had not been made. Remission or refund of levy for a quarter ending before 1 July 2014 (2) Despite the repeal of sections 69AA to 69AD of the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 by this Schedule, those sections continue to apply, in relation to levy for a quarter ending before 1 July 2014, as if: (a) that Act provided that an application under section 69AA, 69AB or 69AC of that Act must be made before 1 January 2016; and (b) that repeal had not happened. 339 Transitional—Petroleum Resource Rent Tax Assessment Act 1987 (1) Despite the amendments of section 28 of the Petroleum Resource Rent Tax Assessment Act 1987 made by this Schedule, that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made. (2) The repeal of paragraph 44(1)(ia) of the Petroleum Resource Rent Tax Assessment Act 1987 by this Schedule does not apply to unit shortfall charge imposed on: (a) a unit shortfall for the financial year beginning on 1 July 2012; or (b) a unit shortfall for the financial year beginning on 1 July 2013. 340 Transitional—Taxation Administration Act 1953 Despite the amendment of the Taxation Administration Act 1953 made by this Schedule, that Act continues to apply, in relation to records or disclosures made for the purpose of: (a) the verification from the Regulator of information provided to the Commissioner under or for the purposes of the Fuel Tax Act 2006 so far as that Act applies to taxable fuel acquired, manufactured or imported before 1 July 2014; or (b) administering the Clean Energy Act 2011 or the associated provisions (within the meaning of that Act); as if that amendment had not been made. Division 4—Miscellaneous 342 Transitional rules The Minister may, by legislative instrument, make rules in relation to transitional matters arising out of the amendments and repeals made by this Schedule. Division 5—Transitional provisions commencing on Royal Assent 343 Auctions of carbon units (1) The Regulator must not conduct an auction of carbon units after the earlier of the following days: (a) the day this item commences; (b) 30 June 2014. (2) Any determination under subsection 113(1) of the Clean Energy Act 2011 ceases to have effect at the end of the day (the relevant day) that is the earlier of the following days: (a) the day this item commences; (b) 30 June 2014; except to the extent to which the determination relates to auctions conducted on or before the relevant day. 343A Carbon units issued as a result of an auction conducted by the Regulator (1) If: (a) a carbon unit was issued as a result of an auction conducted by the Regulator; and (b) there is an entry for the unit in a person’s Registry account as at 3.00 pm (by legal time in the Australian Capital Territory) on the fifth business day after the day this item commences; the Regulator must: (c) cancel the unit; and (d) remove the entry for the unit from the person’s Registry account; and (e) on behalf of the Commonwealth, pay to the person an amount equal to the charge paid for the issue of the unit. (2) The Registry must set out a record of each cancellation under paragraph (1)(c). (3) The Consolidated Revenue Fund is appropriated for the purposes of making payments under this item. (4) In this item: business day means a day that is not: (a) a Saturday; or (b) a Sunday; or (c) a public holiday in the Australian Capital Territory. 344 Carbon pollution cap regulations If this item commences on a day (the commencement day) before 31 May 2014, the Clean Energy Act 2011 has effect during the period: (a) beginning at the start of the commencement day; and (b) ending at the end of 30 June 2014; as if section 16 of that Act had not been enacted. 345 Fixed charge regulations If this item commences on a day (the commencement day) before 31 May 2014, the Clean Energy Act 2011 has effect during the period: (a) beginning at the start of the commencement day; and (b) ending at the end of 30 June 2014; as if subsections 100(14) and (15) of that Act had not been enacted. 345A Deadlines of 1 February and 15 June The Clean Energy Act 2011 has, and is taken always to have had, effect as if the following definitions were inserted in section 5 of that Act: > 15 June means: (a) if the 15 June concerned is a business day—that 15 June; or (b) if the 15 June concerned is not a business day—the first business day after that 15 June. > 1 February means: (a) if the 1 February concerned is a business day—that 1 February; or (b) if the 1 February concerned is not a business day—the first business day after that 1 February. 345B Surplus and estimation error adjustment number The Clean Energy Act 2011 has, and is taken always to have had, effect as if the formula in subsection 131(3) of that Act were omitted and the following formula substituted:![Start formula Total estimation error numbers plus Provisional surplus surrender number end formula](image.002.png) 345C Definitions If this Division commences before 1 July 2014, this Division has effect as if item 321 (definitions) had commenced at the same time as this Division commences. 345D Compensation for acquisition of property (1) If the operation of this Schedule would result in an acquisition of property (within the meaning of paragraph 51(xxxi) of the Constitution) from a person otherwise than on just terms (within the meaning of that paragraph), the Commonwealth is liable to pay a reasonable amount of compensation to the person. (2) If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in a court of competent jurisdiction for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines. Part 4—Jobs and Competitiveness Program Division 1—Preliminary 346 Definitions (1) In this Part: levy means levy imposed by whichever of the following is applicable: (a) the True‑up Shortfall Levy (General) (Carbon Tax Repeal) Act 2014; (b) the True‑up Shortfall Levy (Excise) (Carbon Tax Repeal) Act 2014. over‑allocation of free carbon units has the meaning given by item 354. rules means rules made under item 359. true‑up shortfall has the meaning given by item 355. under‑allocation of free carbon units has the meaning given by item 352. (2) An expression used in this Part and in the Clean Energy Act 2011 has the same meaning in this Part as in that Act. 347 Crown to be bound This Part binds the Crown in right of each of the States, of the Australian Capital Territory, of the Northern Territory and of Norfolk Island. However, it does not bind the Crown in right of the Commonwealth. 348 Extension to external Territories This Part extends to every external Territory. 349 Extension to exclusive economic zone and continental shelf This Part extends to Australia’s exclusive economic zone and continental shelf. 350 Extension to Joint Petroleum Development Area This Part extends to the Joint Petroleum Development Area. Division 2—Reporting requirements 351 Reporting requirements Report (1) The rules may make provision for and in relation to requiring a designated person to give a written report to the Regulator for the purposes of this Part. Designated person (2) For the purposes of this item, a person is a designated person if free carbon units with a vintage year beginning on 1 July 2013 are or were issued to the person in accordance with the Jobs and Competitiveness Program. Compliance with reporting requirements (3) Subsection 151(1) of the Clean Energy Act 2011 has effect as if a requirement under rules made for the purposes of subitem (1) were a requirement under the Jobs and Competitiveness Program. Division 3—Issue of additional free carbon units 352 Under‑allocation of free carbon units For the purposes of this Part, if: (a) free carbon units with a vintage year beginning on 1 July 2013 are or were issued to a person in accordance with the Jobs and Competitiveness Program; and (b) the conditions specified in the rules are satisfied; then: (c) the person has an under‑allocation of free carbon units; and (d) the number of units in that under‑allocation is equal to the number ascertained in accordance with the rules. 353 Issue of additional free carbon units (1) If: (a) a person has an under‑allocation of free carbon units; and (b) the person has a Registry account; the Regulator must: (c) issue to the person, under section 94 of the Clean Energy Act 2011, a number of free carbon units equal to the number of units in the under‑allocation; and (d) do so within the period ascertained in accordance with the rules. (2) Free carbon units issued in accordance with subitem (1): (a) are to have a vintage year beginning on 1 July 2013; and (b) are taken (except for the purposes of this Part) to have been issued in accordance with the Jobs and Competitiveness Program. Division 4—True‑up shortfalls 354 Over‑allocation of free carbon units For the purposes of this Part, if: (a) free carbon units with a vintage year beginning on 1 July 2013 are or were issued to a person in accordance with the Jobs and Competitiveness Program; and (b) the conditions specified in the rules are satisfied; then: (c) the person has an over‑allocation of free carbon units; and (d) the number of units in that over‑allocation is equal to the number ascertained in accordance with the rules. 355 True‑up shortfall (1) For the purposes of this Part, if: (a) a person has an over‑allocation of free carbon units; and (b) the number worked out using the formula in subitem (2) exceeds zero; then: (c) the person has a true‑up shortfall; and (d) the number of units in that shortfall is equal to the number worked out using that formula. Note: Levy is imposed on a true‑up shortfall by whichever of the following is applicable: (a) the True‑up Shortfall Levy (General) (Carbon Tax Repeal) Act 2014; (b) the True‑up Shortfall Levy (Excise) (Carbon Tax Repeal) Act 2014. (2) The formula is as follows: ![Start formula Number of units in the over-allocation minus Number of units relinquished end formula](image.003.png) where: number of units relinquished means the number of carbon units with a vintage year beginning on 1 July 2013 that were relinquished by the person (other than as mentioned in paragraph 210(2)(b) or (c) of the Clean Energy Act 2011) during the period ascertained in accordance with the rules. Division 5—Collection of levy 356 When levy is due and payable Levy imposed on a true‑up shortfall of a person is due and payable at the end of the period ascertained in accordance with the rules. 357 Late payment penalty (1) If an amount of levy payable by a person remains unpaid after the time when it became due for payment, the person is liable to pay, by way of penalty, an amount calculated at the rate of: (a) 20% per annum; or (b) if a lower percentage is specified in the rules—that lower percentage per annum; on the amount unpaid, computed from that time. Power to remit (2) The Regulator may remit the whole or a part of an amount payable under subitem (1). (3) Applications may be made to the Administrative Review Tribunal for review of decisions of the Regulator under subitem (2) to refuse to remit the whole or a part of an amount. 358 Recovery of levy and late payment penalty Scope (1) This item applies to the following amounts: (a) an amount of levy; (b) an amount payable under item 357. Recovery (2) The amount: (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. Division 6—Miscellaneous 358A Associated provisions A reference in the Clean Energy Act 2011 (other than section 307) to the associated provisions includes a reference to: (a) the provisions of this Part; and (b) the provisions of the rules; and (c) the provisions of the True‑up Shortfall Levy (General) (Carbon Tax Repeal) Act 2014; and (d) the provisions of the True‑up Shortfall Levy (Excise) (Carbon Tax Repeal) Act 2014. 359 Rules (1) The Minister may, by legislative instrument, make rules prescribing matters: (a) required or permitted by this Part to be prescribed by the rules; or (b) necessary or convenient to be prescribed for carrying out or giving effect to this Part. (2) Conditions specified in rules made for the purposes of paragraph 352(b) or 354(b) may relate to events or things that occurred, or circumstances that existed, before the rules were registered under the Legislation Act 2003. (3) Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to the rules. Schedule 2—Carbon tax price reduction obligation Competition and Consumer Act 2010 1 After paragraph 2B(1)(a) Insert: (aa) Part V; 2 After subparagraph 6(2)(b)(i) Insert: (ia) Part V (other than Division 5); 3 After Part IVB Insert: