13Thresholds

#### 13 Thresholds (1) A controlling corporation’s group meets a threshold for a financial year if in that year: (a) the total amount of greenhouse gases emitted from the operation of facilities under the operational control of entities that are members of the group has a carbon dioxide equivalence of: (i) if the financial year starts on 1 July 2008—125 kilotonnes or more; or (ii) if the financial year starts on 1 July 2009—87.5 kilotonnes or more; or (iii) if the year is a later financial year—50 kilotonnes or more; or (b) the total amount of energy produced from the operation of facilities under the operational control of entities that are members of the group is: (i) if the financial year starts on 1 July 2008—500 terajoules or more; or (ii) if the financial year starts on 1 July 2009—350 terajoules or more; or (iii) if the year is a later financial year—200 terajoules or more; or (c) the total amount of energy consumed from the operation of facilities under the operational control of entities that are members of the group is: (i) if the financial year starts on 1 July 2008—500 terajoules or more; or (ii) if the financial year starts on 1 July 2009—350 terajoules or more; or (iii) if the year is a later financial year—200 terajoules or more; or (d) an entity that is a member of the group has operational control of a facility the operation of which during the year causes: (i) emission of greenhouse gases that have a carbon dioxide equivalence of 25 kilotonnes or more; or (ii) production of energy of 100 terajoules or more; or (iii) consumption of energy of 100 terajoules or more. (1A) Subsection (1) does not apply in relation to: (a) greenhouse gas emissions; or (b) energy production; or (c) energy consumption; unless the Minister has, under subsection 10(3), determined: (d) methods by which the amounts of the emissions, production or consumption, as the case may be, are to be measured; or (e) criteria for methods by which the amounts of emissions, production or consumption, as the case may be, are to be measured. (2) If a group entity has operational control of a facility for a number of, but not all, days in a financial year (the control days), subparagraphs (1)(d)(i) to (iii) have effect as though each threshold were replaced by the amount worked out using the following formula:  Reporting transfer certificate (3) For the purposes of this section, if a person was the holder of a reporting transfer certificate in relation to a facility on a particular day, the facility is taken not to have been under the operational control of a group entity on that day.