sch.3-sec.42Administrative guidance about value of greenhouse gas emissions

sch.3-sec.42 Administrative guidance about value of greenhouse gas emissions

This clause applies if— administrative guidance is issued by a government or regulatory entity about considering or applying the amended objective; and the guidance includes the value, or a method of working out the value, of greenhouse gas emissions or greenhouse gas emissions reduction; and the guidance is consistent with any MCE statement. The value or method stated in the administrative guidance must be complied with by the government or regulatory entity in considering or applying the amended objective. Subclause (4) applies in relation to a RIT-T project or RIT-D project under the Rules. Without limiting subclauses (1) and (2), if the AER issues the administrative guidance mentioned in subclause (1), the AER and RIT-D proponent or RIT-T proponent for the project under the Rules must comply with the administrative guidance in relation to the project. This clause applies until a Regulation or Rule takes effect for the matter described in subclause (1). In this clause— MCE statement means a statement issued by the MCE that states the value, or a method of or guidance for working out the value, of greenhouse gas emissions or greenhouse gas emissions reduction, that is to be used by a government or regulatory entity in considering or applying the amended objective until a Regulation or Rule mentioned in subclause (5) takes effect. sch 3 s 42 ins 2023 No. 26 (SA) s 8 (sch.3-sec.42-ssec.1) This clause applies if— administrative guidance is issued by a government or regulatory entity about considering or applying the amended objective; and the guidance includes the value, or a method of working out the value, of greenhouse gas emissions or greenhouse gas emissions reduction; and the guidance is consistent with any MCE statement. (sch.3-sec.42-ssec.2) The value or method stated in the administrative guidance must be complied with by the government or regulatory entity in considering or applying the amended objective. (sch.3-sec.42-ssec.3) Subclause (4) applies in relation to a RIT-T project or RIT-D project under the Rules. (sch.3-sec.42-ssec.4) Without limiting subclauses (1) and (2), if the AER issues the administrative guidance mentioned in subclause (1), the AER and RIT-D proponent or RIT-T proponent for the project under the Rules must comply with the administrative guidance in relation to the project. (sch.3-sec.42-ssec.5) This clause applies until a Regulation or Rule takes effect for the matter described in subclause (1). (sch.3-sec.42-ssec.6) In this clause— MCE statement means a statement issued by the MCE that states the value, or a method of or guidance for working out the value, of greenhouse gas emissions or greenhouse gas emissions reduction, that is to be used by a government or regulatory entity in considering or applying the amended objective until a Regulation or Rule mentioned in subclause (5) takes effect.