4.10Buy‑back of certain free carbon units—specified factor

#### 4.10 Buy‑back of certain free carbon units—specified factor (1) If a request mentioned in subsection 116(2) of the Act is received by the Regulator during a period set out in an item of the table in subregulation (3), this provision applies to the buy‑back of free carbon units in a vintage year for the item. (2) The factor specified for the formula in subsection 116(2) of the Act is:  where: > r is the per annum yield (expressed as a percentage) for BBB rated corporate bonds with 1 to 5 years maturity, as published by the Reserve Bank of Australia, that is the latest daily rate published prior to the day the request to the Regulator was received. > n is the number of days before 15 June in the fixed charge year that the request to the Regulator was received. (3) For subregulation (1), the table is the following. | Item | Period | Vintage year of carbon unit starting on: | | ---- | -------------------------------- | ---------------------------------------- | | 1 | 1 September 2012 to 14 June 2013 | 1 July 2012 | | 2 | 1 September 2013 to 14 June 2014 | 1 July 2013 | | 3 | 1 September 2014 to 14 June 2015 | 1 July 2014 | (4) For a request mentioned in subsection 116(2) of the Act that is received by the Regulator during a period mentioned in the following table, the factor specified for the formula in subsection 116(2) of the Act is one. | Item | Period | | ---- | ------------------------------- | | 1 | 15 June 2013 to 1 February 2014 | | 2 | 15 June 2014 to 1 February 2015 | | 3 | 15 June 2015 to 1 February 2016 |