Start of first HCFC quota period
26 Start of first HCFC quota period
If the Minister becomes aware that in any year (the excess year) the total quantity of HCFCs, expressed in ODP tonnes, involved in regulated HCFC activities engaged in by licensees is more than 90% of the HCFC industry limit for that year, the Minister must publish a notice in the Gazette.
A notice must:
specify the 1 January next following the date of the notice as the start of the first HCFC quota period; and
specify the base year to be used in allocating HCFC quotas to licensees during the first HCFC quota period.
The base year to be specified in a notice is the last calendar year before the excess year.
A notice under this section is not a legislative instrument.
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