10Baseline emissions number—special rules

10 Baseline emissions number—special rules

Minimum baseline (1) The baseline emissions number for a facility for a financial year is 100,000 if: (a) the baseline emissions number for the facility for the financial year that is ascertained in accordance with Divisions 2 to 7 of this Part is a number less than 100,000; and (b) that number is not less than 100,000 merely because of a borrowing adjustment for the facility for the financial year.

Note: This means that the baseline emissions number for a facility for a financial year can be less than 100,000 if there is a sufficiently large borrowing adjustment for the facility for that financial year.

Zero baseline for shale gas extraction facilities (2) The baseline emissions number for a facility for a financial year is zero if the facility is a shale gas extraction facility. Zero baseline from 2050 (3) The baseline emissions number for a facility for a financial year that begins after 30 June 2049 is zero.