22XGMonitoring periods

#### 22XG Monitoring periods Monitoring period—single financial year (1) For the purposes of this Act, if: (a) a person is the responsible emitter for a facility throughout a financial year; and (b) the financial year is not included in a declared multi‑year period for the facility; and (c) the facility is a designated large facility for the financial year; the financial year is a monitoring period for the facility in relation to the person. > Note: For declared multi‑year period, see subsection (5). Monitoring period—part of a single financial year (2) For the purposes of this Act, if: (a) a person is the responsible emitter for a facility throughout a part of a financial year; and (b) the financial year is not included in a declared multi‑year period for the facility; and (c) the facility is a designated large facility for the financial year; the part of the financial year is a monitoring period for the facility in relation to the person. > Note: For declared multi‑year period, see subsection (5). Monitoring period—declared multi‑year period (3) For the purposes of this Act, if: (a) there is a declared multi‑year period for a facility; and (b) a person is the responsible emitter for the facility throughout the declared multi‑year period; and (c) the facility is a designated large facility for at least one of the financial years included in the declared multi‑year period; the declared multi‑year period is a monitoring period for the facility in relation to the person. > Note: For declared multi‑year period, see subsection (5). Monitoring period—part of a declared multi‑year period (4) For the purposes of this Act, if: (a) there is a declared multi‑year period for a facility; and (b) a person is the responsible emitter for the facility throughout a part of the declared multi‑year period; and (c) the facility is a designated large facility for at least one of the financial years included in the declared multi‑year period; the part of the declared multi‑year period is a monitoring period for the facility in relation to the person. > Note: For declared multi‑year period, see subsection (5). Declared multi‑year period (5) The safeguard rules may empower the Regulator to declare in writing that, for the purposes of this section, a specified period is a declared multi‑year period for a specified facility. (6) The specified period must consist of 2 or more consecutive financial years.