s 22XG

Monitoring periods

In force

Monitoring period—single financial year

(1)

For the purposes of this Act, if:

(a)

a person is the responsible emitter for a facility throughout a financial year; and

(b)

the financial year is not included in a declared multi‑year period for the facility; and

(c)

the facility is a designated large facility for the financial year;

the financial year is a monitoring period for the facility in relation to the person.

Note:

For declared multi‑year period, see subsection (5).

Monitoring period—part of a single financial year

(2)

For the purposes of this Act, if:

(a)

a person is the responsible emitter for a facility throughout a part of a financial year; and

(b)

the financial year is not included in a declared multi‑year period for the facility; and

(c)

the facility is a designated large facility for the financial year;

the part of the financial year is a monitoring period for the facility in relation to the person.

Note:

For declared multi‑year period, see subsection (5).

Monitoring period—declared multi‑year period

(3)

For the purposes of this Act, if:

(a)

there is a declared multi‑year period for a facility; and

(b)

a person is the responsible emitter for the facility throughout the declared multi‑year period; and

(c)

the facility is a designated large facility for at least one of the financial years included in the declared multi‑year period;

the declared multi‑year period is a monitoring period for the facility in relation to the person.

Note:

For declared multi‑year period, see subsection (5).

Monitoring period—part of a declared multi‑year period

(4)

For the purposes of this Act, if:

(a)

there is a declared multi‑year period for a facility; and

(b)

a person is the responsible emitter for the facility throughout a part of the declared multi‑year period; and

(c)

the facility is a designated large facility for at least one of the financial years included in the declared multi‑year period;

the part of the declared multi‑year period is a monitoring period for the facility in relation to the person.

Note:

For declared multi‑year period, see subsection (5).

Declared multi‑year period

(5)

The safeguard rules may empower the Regulator to declare in writing that, for the purposes of this section, a specified period is a declared multi‑year period for a specified facility.

(6)

The specified period must consist of 2 or more consecutive financial years.

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