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COMMONWEALTHAct
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s 36A

HFC industry limit

In force
Part IVAHFC quotas
Division 2HFC quotas

36A HFC industry limit

(1)

The HFC industry limit for a calendar year is the quantity of HFCs, expressed in CO2e megatonnes:

(a)

prescribed by the regulations in relation to the year for the purposes of this subsection; or

(b)

worked out in accordance with a method prescribed by the regulations in relation to the year for the purposes of this subsection.

(2)

The sum of the amounts of all HFC quotas allocated for a calendar year must not exceed the HFC industry limit for the year.

(3)

Regulations made for the purposes of subsection (1) must be consistent with Australia’s international obligations.

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