22ZQCircumstances—if there is a second liable entity (regulation 22M applies)

#### 22ZQ Circumstances—if there is a second liable entity (regulation 22M applies) (1) If: (a) an exemption certificate (the first certificate) is issued in relation to a liable entity (the first liable entity) and a year following an application by a prescribed person; and (b) the prescribed person becomes a prescribed person under regulation 22M; and (c) the prescribed person makes an application under subsection 46A(1) of the Act in relation to another liable entity (the second liable entity) and the year; and (d) in issuing another certificate, the Regulator is satisfied that: (i) the second liable entity is the liable entity in respect of the electricity consumed at the site during the year; and (ii) the evidence referred to in paragraph 22T(1)(b) evidences the matters stated in those paragraphs; then the Regulator may amend the first certificate. (2) The amendment must reduce the amount of the first liable entity’s exemption set out in the certificate that is attributable to the activity by the number calculated in accordance with the following formula:  where: > OL is the amount of the exemption, expressed as megawatt hours, set out in the first certificate in relation to the first liable entity. > SL is the reasonable estimate of the expected relevant acquisitions of electricity consumed at the site by the second liable entity in the year to which the exemption relates. > FL is the reasonable estimate of the expected relevant acquisitions of electricity consumed at the site by the first liable entity in the year to which the exemption certificate relates.