10Energy use threshold

10 Energy use threshold

(1) A controlling corporation’s group meets the energy use threshold for a financial year if in that year the total energy used by the entities that are members of the group is more than 0.5 petajoules. (3) For the purposes of subsection (1), the energy used by an entity has the meaning given by the regulations. (4) Without limiting subsection (3), regulations made for the purposes of that subsection may determine that meaning: (a) by reference to particular kinds and uses of energy; and (b) in relation to particular periods during which an entity is a member of a controlling corporation’s group during a financial year. (5) Without limiting subsection (3), regulations made for the purposes of that subsection may determine that meaning: (a) in relation to activities of a member of a controlling corporation’s group as the trustee of a trust; and (b) in relation to activities under a franchise of which a member of a controlling corporation’s group is a franchisor.