22ZFPrescribed method if liable entity changes and new certificate is issued—paragraph 46B(1)(a) of the Act

#### 22ZF Prescribed method if liable entity changes and new certificate is issued—paragraph 46B(1)(a) of the Act (1) If: (a) a prescribed person is issued an exemption certificate in relation to the liable entity (the old liable entity) set out in the application made by that person under subsection 46A(1) of the Act; and (b) during the same year, the prescribed person applies for another exemption certificate in relation to another liable entity (the second liable entity) as a prescribed person mentioned in regulation 22L; the amount of the second liable entity’s exemption is calculated in accordance with the following formula:  where: > OL is the amount of the exemption, expressed in megawatt hours, set out in the exemption certificate issued in relation to the old liable entity. > D is the number of days in the year for which the second liable entity will be the liable entity in relation to the exemption. > year’s days is the number of days in the year to which the exemption certificates relate. (2) If: (a) the Regulator issues an exemption certificate mentioned in paragraph (1)(b); and (b) during the same year, the prescribed person applies for another exemption certificate in relation to another liable entity (the third liable entity) as a prescribed person mentioned in regulation 22L; the amount of the third liable entity’s exemption is calculated in accordance with the following formula:  where: > OL is the amount of the exemption, expressed in megawatt hours, set out in the exemption certificate issued in relation to the second liable entity. > D is the number of days in the year for which the third liable entity will be the liable entity in relation to the exemption. > OLD is the number of days used as D in subregulation (1).