46BExemption certificates

#### 46B Exemption certificates (1) If an application is made under section 46A in respect of a year, the Regulator must (subject to section 46E) issue the applicant with an exemption certificate for the year in relation to the liable entity mentioned in the application (as referred to in paragraph 46A(1)(b)). The certificate must: (a) in accordance with regulations made for the purpose of subsection (4), specify or describe the amount that is the liable entity’s exemption for the year in relation to the emissions‑intensive trade‑exposed activity and site mentioned in the application; and (b) set out any other information prescribed by the regulations. (2) The Regulator must issue the certificate within the period prescribed by the regulations. (3) A certificate issued under subsection (1) is not a legislative instrument. (4) The regulations: (a) must prescribe the method for working out the amount of a liable entity’s exemption for a year in relation to an emissions‑intensive trade‑exposed activity and a site; and (b) may provide that an exemption certificate may either: (i) specify the amount that is the liable entity’s exemption in relation to the emissions‑intensive trade‑exposed activity and the site; or (ii) describe, in some other way, the amount that is the liable entity’s exemption in relation to the emissions‑intensive trade‑exposed activity and the site.