National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015
47Borrowing adjustment
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47 Borrowing adjustment
Financial years ending before 1 July 2026 (1) The borrowing adjustment, for a facility for a financial year that ends before 1 July 2026, is the number worked out using the following formula: Start formula BD minus 1.02 times BDP end formula where:
BD is:
(a) if a borrowing adjustment determination specifies a borrowing adjustment number for the facility for the financial year—that number; or
(b) otherwise—0.
BDP is:
(a) if a borrowing adjustment determination specified a borrowing adjustment number for the facility for the previous financial year—that number; or
(b) otherwise—0.
Financial years beginning on or after 1 July 2026 (2) The borrowing adjustment, for a facility for a financial year that begins on or after 1 July 2026, is the number worked out using the following formula: Start formula BD minus 1.1 times BDP end formula where:
BD is:
(a) if a borrowing adjustment determination specifies a borrowing adjustment number for the facility for the financial year—that number; or
(b) otherwise—0.
BDP is:
(a) if a borrowing adjustment determination specified a borrowing adjustment number for the facility for the previous financial year—that number; or
(b) otherwise—0.