Prescribed person—liable entity changes (production calculation method)
22L Prescribed person—liable entity changes (production calculation method)
If:
a prescribed person has been granted an exemption certificate in relation to an emissions‑intensive trade‑exposed activity, site and year; and
the amount of the exemption is worked out under Division 5 (production calculation method); and
during the year the liable entity set out in the certificate ceases to be the liable entity in relation to the electricity consumed at the site; and
a second liable entity begins to be the liable entity in relation to electricity consumed at the site; and
the prescribed person applies again under subsection 46A(1) of the Act before the end of the year in relation to the activity, site, year and second liable entity;
then the prescribed person is a prescribed person for the activity, the site, the year and the second liable entity.
If during the year:
the second liable entity ceases to be the liable entity in relation to the electricity consumed at the site; and
a third liable entity begins to be the liable entity in relation to electricity consumed at the site; and
the prescribed person applies again under subsection 46A(1) of the Act before the end of the year in relation to the activity, site, year and third liable entity;
then the prescribed person is a prescribed person for the activity, the site, the year and the third liable entity.
This Act’s bill:Explanatory statement
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