22ZMethod for calculating amount of exemption

#### 22Z Method for calculating amount of exemption (1) This Division is made for paragraph 46B(1)(a) of the Act and prescribes the method for calculating the amount of a liable entity’s exemption for a year in relation to an emissions‑intensive trade‑exposed activity and site mentioned in an application under subsection 46A(1) of the Act. (1A) This Division does not apply for working out the amount of a liable entity’s exemption if Division 5A applies. > Note: Division 5A applies for 2020 and later years. Division 5A may apply in some cases for 2018 and 2019 as well. See regulation 22ZHA. (2) For the purpose of calculating the liable entity’s exemption in respect of the emissions‑intensive trade‑exposed activity, Divisions 2 and 3 of a Part in Schedule 6 set out, respectively: (a) whether the activity is: (i) highly emissions‑intensive; or (ii) moderately emissions‑intensive; and (b) the electricity baseline for calculating the amount of the liable entity’s exemption in respect of the activity. (3) Subdivision B sets out the method for calculating the amount of the liable entity’s exemption. Subregulation 22ZA(1) contains the formula for the calculation. (4) Subdivision C sets out matters relating to ASP, a factor in the formula. (5) Subdivision D sets out matters relating to G, a factor in the formula. (6) Subdivision E sets out the method for calculating the amount of an exemption where the applicant is a prescribed person because of regulation 22L or 22M.