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    <preface>
      <p>Clean Energy (Consequential Amendments) Act 2011</p>
      <p>No. 132, 2011</p>
      <p>
        <b>Compilation No. </b>
        <b>3</b>
      </p>
      <p><b>Compilation date:</b><b>	</b>12 April 2023</p>
      <p><b>Includes amendments up to:</b><b>	</b>Act No. 14, 2023</p>
      <p><b>Registered:</b><b>	</b>13 April 2023</p>
      <p>
        <b>About this compilation</b>
      </p>
      <p>
        <b>This compilation</b>
      </p>
      <p>This is a compilation of the <i>Clean Energy (Consequential Amendments) Act 2011</i> that shows the text of the law as amended and in force on 12 April 2023 (the <b><i>compilation date</i></b>).</p>
      <p>The notes at the end of this compilation (the <b><i>endnotes</i></b>) include information about amending laws and the amendment history of provisions of the compiled law.</p>
      <p>
        <b>Uncommenced amendments</b>
      </p>
      <p>The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.</p>
      <p>
        <b>Application, saving and transitional provisions for provisions and amendments</b>
      </p>
      <p>If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.</p>
      <p>
        <b>Editorial changes</b>
      </p>
      <p>For more information about any editorial changes made in this compilation, see the endnotes.</p>
      <p>
        <b>Modifications</b>
      </p>
      <p>If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.</p>
      <p>
        <b>Self</b>
        <b>-</b>
        <b>repealing provisions</b>
      </p>
      <p>If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.</p>
      <p>Contents</p>
      <p>1	Short title	1</p>
      <p>2	Commencement	1</p>
      <p>3	Schedule(s)	2</p>
      <p>Schedule 1—General amendments	4</p>
      <p><ref href="#part-1">Part 1</ref>—Amendments commencing at the same time as <ref href="#sec-3">section 3</ref> of <ref class="unresolved">the Clean Energy Act 2011</ref> commences	4</p>
      <p><ref href="#dvs-1">Division 1</ref>—Amendments	4</p>
      <p>Anti-Money Laundering and Counter-Terrorism Financing Act 2006	4</p>
      <p>Australian National Registry of Emissions Units Act 2011	4</p>
      <p>Australian Securities and Investments Commission Act 2001	6</p>
      <p>Carbon Credits (Carbon Farming Initiative) Act 2011	6</p>
      <p>Competition and Consumer Act 2010	13</p>
      <p>Financial Management and Accountability Regulations 1997	13</p>
      <p>National Greenhouse and Energy Reporting Act 2007	14</p>
      <p>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989	23</p>
      <p>Renewable Energy (Electricity) Act 2000	24</p>
      <p>Taxation Administration Act 1953	26</p>
      <p><ref href="#dvs-2">Division 2</ref>—Transitional provisions	28</p>
      <p><date date="2012-07-01">1 July 2012</date>	42<ref href="#part-2">Part 2</ref>—Amendments commencing on </p>
      <p><ref href="#dvs-1">Division 1</ref>—Amendments	42</p>
      <p>Australian National Registry of Emissions Units Act 2011	42</p>
      <p>Australian Securities and Investments Commission Act 2001	51</p>
      <p>Carbon Credits (Carbon Farming Initiative) Act 2011	51</p>
      <p>Competition and Consumer Act 2010	53</p>
      <p>Corporations Act 2001	54</p>
      <p>Evidence Act 1995	54</p>
      <p>Financial Management and Accountability Regulations 1997	54</p>
      <p>National Greenhouse and Energy Reporting Act 2007	55</p>
      <p>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989	117</p>
      <p>Renewable Energy (Electricity) Act 2000	136</p>
      <p><ref href="#dvs-2">Division 2</ref>—Application and transitional provisions	139</p>
      <p>Schedule 2—Taxation amendments	143</p>
      <p><ref href="#part-1">Part 1</ref>—Amendments relating to GST	143</p>
      <p>A New Tax System (Goods and Services Tax) Act 1999	143</p>
      <p><ref href="#part-2">Part 2</ref>—Amendments commencing at the same time as <ref href="#sec-3">section 3</ref> of <ref class="unresolved">the Clean Energy Act 2011</ref> commences	144</p>
      <p>Income Tax Assessment Act 1936	144</p>
      <p>Income Tax Assessment Act 1997	144</p>
      <p>Income Tax (Transitional Provisions) Act 1997	191</p>
      <p>Taxation Administration Act 1953	193</p>
      <p>Schedule 3—Amendments relating to renewable energy certificates	195</p>
      <p>Renewable Energy (Electricity) Act 2000	195</p>
      <p>Schedule 4—Amendments relating to the Australian National Registry of Emissions Units	199</p>
      <p>Australian National Registry of Emissions Units Act 2011	199</p>
      <p>Schedule 5—Amendments relating to the Carbon Farming Initiative	218</p>
      <p>Carbon Credits (Carbon Farming Initiative) Act 2011	218</p>
      <p>Endnotes	225</p>
      <p>Endnote 1—About the endnotes	225</p>
      <p>Endnote 2—Abbreviation key	227</p>
      <p>Endnote 3—Legislation history	228</p>
      <p>Endnote 4—Amendment history	229</p>
      <p>An Act to deal with consequential matters arising from the enactment of the <i>Clean Energy Act 2011</i>, and for other purposes</p>
    </preface>
    <body>
      <section eId="sec-1">
        <num>1</num>
        <heading>Short title</heading>
        <content>
          <p>		This Act may be cited as the <i>Clean Energy (Consequential Amendments) Act 2011</i>.</p>
        </content>
      </section>
      <section eId="sec-2">
        <num>2</num>
        <heading>Commencement</heading>
        <subsection eId="sec-2__subsec-1">
          <num>1</num>
          <content>
            <p>Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.</p>
          </content>
          <table>
            <tr>
              <th>Commencement information</th>
              <th>Commencement information</th>
              <th>Commencement information</th>
            </tr>
            <tr>
              <td>Column 1</td>
              <td>Column 2</td>
              <td>Column 3</td>
            </tr>
            <tr>
              <td>Provision(s)</td>
              <td>Commencement</td>
              <td>Date/Details</td>
            </tr>
            <tr>
              <td>1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table</td>
              <td>The day this Act receives the Royal Assent.</td>
              <td>18 November 2011</td>
            </tr>
            <tr>
              <td>2.  Schedule 1, Part 1</td>
              <td>At the same time as section 3 of the Clean Energy Act 2011 commences.</td>
              <td>2 April 2012</td>
            </tr>
            <tr>
              <td>3.  Schedule 1, Part 2</td>
              <td>1 July 2012.</td>
              <td>1 July 2012</td>
            </tr>
            <tr>
              <td>4.  Schedule 2, Part 1</td>
              <td>The later of:
(a) the day after the Treasurer announces by notice in the Gazette that the States, the Australian Capital Territory and the Northern Territory have agreed to amendments made by the provision(s); and
(b) the day section 3 of the Clean Energy Act 2011 commences.
A notice under paragraph (a) is not a legislative instrument.</td>
              <td>10 May 2012 
(see Gazette 2012, No. GN18)
(paragraph (a) applies)</td>
            </tr>
            <tr>
              <td>5.  Schedule 2, Part 2</td>
              <td>At the same time as section 3 of the Clean Energy Act 2011 commences.</td>
              <td>2 April 2012</td>
            </tr>
            <tr>
              <td>7.  Schedule 3</td>
              <td>The day after this Act receives the Royal Assent.</td>
              <td>19 November 2011</td>
            </tr>
            <tr>
              <td>8.  Schedule 4</td>
              <td>The later of:
(a) the day this Act receives the Royal Assent; and
(b) the day section 3 of the Australian National Registry of Emissions Units Act 2011 commences.</td>
              <td>8 December 2011
(paragraph (b) applies)</td>
            </tr>
            <tr>
              <td>9.  Schedule 5</td>
              <td>The later of:
(a) the day this Act receives the Royal Assent; and
(b) the day section 3 of the Carbon Credits (Carbon Farming Initiative) Act 2011 commences.</td>
              <td>8 December 2011
(paragraph (b) applies)</td>
            </tr>
          </table>
          <authorialNote placement="end" eId="note-1" marker="1">
            <content>
              <p>Note: 	This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.</p>
            </content>
          </authorialNote>
        </subsection>
        <subsection eId="sec-2__subsec-2">
          <num>2</num>
          <content>
            <p>Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.</p>
          </content>
        </subsection>
      </section>
      <section eId="sec-3">
        <num>3</num>
        <heading>Schedule(s)</heading>
        <subsection eId="sec-3__subsec-1">
          <num>1</num>
          <content>
            <p>Each Act, and each set of regulations, that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.</p>
          </content>
        </subsection>
        <subsection eId="sec-3__subsec-2">
          <num>2</num>
          <content>
            <p>The amendment of any regulation under subsection (1) does not prevent the regulation, as so amended, from being amended or repealed by the Governor-General.</p>
          </content>
        </subsection>
      </section>
    </body>
    <attachments>
      <attachment>
        <hcontainer name="schedule" eId="schedule-1">
          <heading>General amendments</heading>
          <content>
            <p>Anti-Money Laundering and Counter-Terrorism Financing Act 2006</p>
          </content>
          <hcontainer name="clause" eId="schedule-1__clause-1">
            <num>1</num>
            <heading>Section 5</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>carbon unit</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-2">
            <num>2</num>
            <heading>Subsection 6(2) (after paragraph (b) of the cell at table item 33, column headed “Provision of a designated service”)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-3">
            <num>3</num>
            <heading>Subsection 6(2) (paragraph (d) of the cell at table item 33, column headed “Provision of a designated service”)</heading>
            <content>
              <p>After “derivatives,”, insert “carbon units,”.</p>
              <p>Australian National Registry of Emissions Units Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-5">
            <num>5</num>
            <heading>Section 4 (definition of Administrator)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-6">
            <num>6</num>
            <heading>Section 4 (definition of electronic notice transmitted to the Administrator)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-7">
            <num>7</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>electronic notice transmitted to the Regulator</i></b> has the meaning given by section 5.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-13">
            <num>13</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Regulator</i></b> means the Clean Energy Regulator.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-15">
            <num>15</num>
            <heading>Section 5</heading>
            <content>
              <p>Omit “<b><i>Administrator</i></b>”, substitute “<b><i>Regulator</i></b>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-43">
            <num>43</num>
            <heading>Subsection 85(1)</heading>
            <content>
              <p>Omit “his or her”, substitute “its”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-44">
            <num>44</num>
            <heading>Subsection 85(2)</heading>
            <content>
              <p>Omit “he or she”, substitute “the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-45">
            <num>45</num>
            <heading>Subsection 85(2)</heading>
            <content>
              <p>Omit “his or her”, substitute “its”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-46">
            <num>46</num>
            <heading>Bulk amendments—references to the Administrator etc.</heading>
            <content>
              <p>The <i>Australian National Registry of Emissions Units Act 2011</i> is amended as follows:</p>
              <p>Australian Securities and Investments Commission Act 2001</p>
            </content>
            <paragraph eId="schedule-1__clause-46__para-a">
              <num>a</num>
              <content>
                <p>by omitting “the Administrator” (wherever occurring) and substituting “the Regulator”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46__para-b">
              <num>b</num>
              <content>
                <p>by omitting “The Administrator” (wherever occurring) and substituting “The Regulator”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46__para-c">
              <num>c</num>
              <content>
                <p>by omitting “the Administrator’s” (wherever occurring) and substituting “the Regulator’s”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46__para-d">
              <num>d</num>
              <content>
                <p>by omitting “The Administrator’s” (wherever occurring) and substituting “The Regulator’s”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46__para-e">
              <num>e</num>
              <content>
                <p>	(e)	by omitting “<b>Administrator</b>” (wherever occurring) and substituting “<b>Regulator</b>”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46__para-f">
              <num>f</num>
              <content>
                <p>	(f)	by omitting “<i>Administrator</i>” (wherever occurring) and substituting “<i>Regulator</i>”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46__para-g">
              <num>g</num>
              <content>
                <p>	(g)	by omitting “<b>Administrator’s</b>” (wherever occurring) and substituting “<b>Regulator’s</b>”.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-47">
            <num>47</num>
            <heading>After paragraph 12BAA(7)(k)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-47__para-ka">
              <num>ka</num>
              <content>
                <p>a carbon unit;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-48">
            <num>48</num>
            <heading>Paragraph 12BAB(1)(g)</heading>
            <content>
              <p>After “other than”, insert “a carbon unit,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-49">
            <num>49</num>
            <heading>Paragraph 127(2A)(e)</heading>
            <content>
              <p>Omit “Carbon Credits Administrator”, substitute “Clean Energy Regulator”.</p>
              <p>Carbon Credits (Carbon Farming Initiative) Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-51">
            <num>51</num>
            <heading>Section 4</heading>
            <content>
              <p>Omit “Carbon Credits Administrator”, substitute “Clean Energy Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-52">
            <num>52</num>
            <heading>Section 5 (definition of Administrator)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-53">
            <num>53</num>
            <heading>Section 5 (definition of electronic notice transmitted to the Administrator)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-54">
            <num>54</num>
            <heading>Section 5</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>electronic notice transmitted to the Regulator</i></b> has the meaning given by section 7.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-55">
            <num>55</num>
            <heading>Section 5 (paragraphs (a) to (e) of the definition of entrusted public official)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-56">
            <num>56</num>
            <heading>Section 5 (definition of protected Administrator information)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-57">
            <num>57</num>
            <heading>Section 5</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>protected audit information</i></b> means protected information that was obtained by a person in the person’s capacity as:</p>
            </content>
            <paragraph eId="schedule-1__clause-57__para-a">
              <num>a</num>
              <content>
                <p>an audit team leader; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-57__para-b">
              <num>b</num>
              <content>
                <p>a person assisting an audit team leader.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-58">
            <num>58</num>
            <heading>Section 5</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Regulator</i></b> means the Clean Energy Regulator.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-59">
            <num>59</num>
            <heading>Subsection 7(1)</heading>
            <content>
              <p>Omit “<b><i>Administrator</i></b>”, substitute “<b><i>Regulator</i></b>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-61">
            <num>61</num>
            <heading>Subsection 243(1)</heading>
            <content>
              <p>Omit “his or her”, substitute “its”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-62">
            <num>62</num>
            <heading>Subsection 243(2)</heading>
            <content>
              <p>Omit “he or she”, substitute “the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-63">
            <num>63</num>
            <heading>Subsection 243(2)</heading>
            <content>
              <p>Omit “his or her”, substitute “its”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-64">
            <num>64</num>
            <heading>Part 25</heading>
            <content>
              <p>Repeal the Part.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-65">
            <num>65</num>
            <heading>At the end of section 270</heading>
            <content>
              <p>Add:</p>
              <p>Note:	See also the <i>Clean Energy Regulator Act 2011</i>, which deals with the use and disclosure of information by officials of the Clean Energy Regulator.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-66">
            <num>66</num>
            <heading>Section 274</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-67">
            <num>67</num>
            <heading>Subsection 275(2)</heading>
            <content>
              <p>Omit “Administrator” (first occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-68">
            <num>68</num>
            <heading>Subsection 275(2)</heading>
            <content>
              <p>Omit “protected Administrator information”, substitute “protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-69">
            <num>69</num>
            <heading>Paragraphs 275(2)(a) to (e)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-70">
            <num>70</num>
            <heading>Subsection 276(1)</heading>
            <content>
              <p>Omit “the Administrator is satisfied that particular protected Administrator information”, substitute “the Regulator is satisfied that particular protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-71">
            <num>71</num>
            <heading>Paragraph 276(1)(a)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-72">
            <num>72</num>
            <heading>Subsection 276(2)</heading>
            <content>
              <p>Repeal the subsection (not including the heading).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-73">
            <num>73</num>
            <heading>Paragraphs 276(3)(a) to (d)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-74">
            <num>74</num>
            <heading>Subsection 276(3)</heading>
            <content>
              <p>Omit “by the Administrator”, substitute “by the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-75">
            <num>75</num>
            <heading>Subsection 276(3)</heading>
            <content>
              <p>Omit “protected Administrator information”, substitute “protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-76">
            <num>76</num>
            <heading>Paragraph 276(4)(b)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-76__para-b">
              <num>b</num>
              <content>
                <p>protected audit information has been disclosed under subsection (3) to the body; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-77">
            <num>77</num>
            <heading>Subsection 276(5)</heading>
            <content>
              <p>Omit “Administrator”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-78">
            <num>78</num>
            <heading>Subsection 276(6)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
              <p>Conditions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-78__subclause-6">
              <num>6</num>
              <content>
                <p>The Regulator may, by writing, impose conditions to be complied with in relation to protected audit information disclosed under subsection (3).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-79">
            <num>79</num>
            <heading>Subsection 277(1)</heading>
            <content>
              <p>Omit “the Administrator is satisfied that particular protected Administrator information”, substitute “the Regulator is satisfied that particular protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-80">
            <num>80</num>
            <heading>Subsection 277(2)</heading>
            <content>
              <p>Repeal the subsection (not including the heading).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-81">
            <num>81</num>
            <heading>Paragraphs 277(3)(a) to (d)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-82">
            <num>82</num>
            <heading>Subsection 277(3)</heading>
            <content>
              <p>Omit “by the Administrator”, substitute “by the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-83">
            <num>83</num>
            <heading>Subsection 277(3)</heading>
            <content>
              <p>Omit “protected Administrator information”, substitute “protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-84">
            <num>84</num>
            <heading>Paragraph 277(4)(b)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-84__para-b">
              <num>b</num>
              <content>
                <p>protected audit information has been disclosed under subsection (3) to the body corporate; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-85">
            <num>85</num>
            <heading>Paragraph 277(5)(a)</heading>
            <content>
              <p>Omit “Administrator”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-86">
            <num>86</num>
            <heading>Subsection 277(6)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
              <p>Conditions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-86__subclause-6">
              <num>6</num>
              <content>
                <p>The Regulator may, by writing, impose conditions to be complied with by the body corporate and its officers, employees and agents in relation to protected audit information disclosed to the body corporate under subsection (3).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-87">
            <num>87</num>
            <heading>Paragraphs 281(a) to (e)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-88">
            <num>88</num>
            <heading>Paragraphs 281(h) and (i)</heading>
            <content>
              <p>Omit “protected Administrator information”, substitute “protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-88A">
            <num>88A</num>
            <heading>Section 282 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-282">
            <num>282</num>
            <heading>Disclosure for purposes of law enforcement—protected audit information</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-89">
            <num>89</num>
            <heading>Subsection 282(1)</heading>
            <content>
              <p>Omit “the Administrator is satisfied that disclosure of particular protected Administrator information”, substitute “the Regulator is satisfied that disclosure of particular protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-90">
            <num>90</num>
            <heading>Subsection 282(2)</heading>
            <content>
              <p>Repeal the subsection (not including the heading).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-91">
            <num>91</num>
            <heading>Paragraphs 282(3)(a) to (d)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-92">
            <num>92</num>
            <heading>Subsection 282(3)</heading>
            <content>
              <p>Omit “by the Administrator”, substitute “by the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-93">
            <num>93</num>
            <heading>Subsection 282(3)</heading>
            <content>
              <p>Omit “protected Administrator information”, substitute “protected audit information”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-94">
            <num>94</num>
            <heading>Paragraph 282(4)(b)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-94__para-b">
              <num>b</num>
              <content>
                <p>protected audit information has been disclosed under subsection (3) to the Department, agency, authority or police force, as the case may be; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-95">
            <num>95</num>
            <heading>Paragraph 282(5)(a)</heading>
            <content>
              <p>Omit “Administrator”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-96">
            <num>96</num>
            <heading>Subsection 282(6)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
              <p>Conditions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-96__subclause-6">
              <num>6</num>
              <content>
                <p>The Regulator may, by writing, impose conditions to be complied with in relation to protected audit information disclosed under subsection (3).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-97">
            <num>97</num>
            <heading>Section 285</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-99">
            <num>99</num>
            <heading>Bulk amendments—references to the Administrator etc.</heading>
            <content>
              <p>The <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i> other than the following provisions:</p>
              <p>is amended as follows:</p>
              <p>Competition and Consumer Act 2010</p>
            </content>
            <paragraph eId="schedule-1__clause-99__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the definition of <b><i>entrusted public official</i></b> in section 5;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the definition of <b><i>protected Administrator information</i></b> in section 5;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-c">
              <num>c</num>
              <content>
                <p><ref href="#part-25">Part 25</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-d">
              <num>d</num>
              <content>
                <p>sections 274 to 277;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-e">
              <num>e</num>
              <content>
                <p>sections 281 and 282;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-f">
              <num>f</num>
              <content>
                <p><ref href="#sec-285">section 285</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-g">
              <num>g</num>
              <content>
                <p>by omitting “the Administrator” (wherever occurring) and substituting “the Regulator”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-h">
              <num>h</num>
              <content>
                <p>by omitting “The Administrator” (wherever occurring) and substituting “The Regulator”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-i">
              <num>i</num>
              <content>
                <p>by omitting “the Administrator’s” (wherever occurring) and substituting “the Regulator’s”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-j">
              <num>j</num>
              <content>
                <p>by omitting “The Administrator’s” (wherever occurring) and substituting “The Regulator’s”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-k">
              <num>k</num>
              <content>
                <p>	(k)	by omitting “<b>Administrator</b>” (wherever occurring) and substituting “<b>Regulator</b>”;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-99__para-l">
              <num>l</num>
              <content>
                <p>	(l)	by omitting “<b>Administrator’s</b>” (wherever occurring) and substituting “<b>Regulator’s</b>”.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-100">
            <num>100</num>
            <heading>After paragraph 44AAF(3)(c)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-100__para-ca">
              <num>ca</num>
              <content>
                <p>the Clean Energy Regulator;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-101">
            <num>101</num>
            <heading>Paragraph 44AAF(3)(d)</heading>
            <content>
              <p>Omit “(b) or (c)”, substitute “(b), (c) or (ca)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-102">
            <num>102</num>
            <heading>Paragraph 155AAA(12)(la)</heading>
            <content>
              <p>Omit “Carbon Credits Administrator”, substitute “Clean Energy Regulator”.</p>
              <p>Financial Management and Accountability Regulations 1997</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-104">
            <num>104</num>
            <heading>Part 1 of Schedule 1 (after table item 132)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-105">
            <num>105</num>
            <heading>Part 1 of Schedule 1 (table item 173)</heading>
            <content>
              <p>Repeal the item.</p>
              <p>National Greenhouse and Energy Reporting Act 2007</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-106">
            <num>106</num>
            <heading>Section 7 (definition of Greenhouse and Energy Data Officer)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-107">
            <num>107</num>
            <heading>Section 7 (definition of greenhouse and energy information)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-108">
            <num>108</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>official of the Regulator</i></b> has the same meaning as in the <i>Clean Energy Regulator Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-109">
            <num>109</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>protected information</i></b> has the same meaning as in the <i>Clean Energy Regulator Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-110">
            <num>110</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Regulator</i></b> means the Clean Energy Regulator.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-111">
            <num>111</num>
            <heading>Paragraph 9(1)(b)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-112">
            <num>112</num>
            <heading>Paragraph 11(1)(b)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-113">
            <num>113</num>
            <heading>Paragraph 15(a)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-114">
            <num>114</num>
            <heading>Subsections 16(1), (3) and (4)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-115">
            <num>115</num>
            <heading>Subsections 17(1), (2), (3), (3A) and (4)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-116">
            <num>116</num>
            <heading>Subsections 18(1) and (3)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-117">
            <num>117</num>
            <heading>Subsection 18(4)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-118">
            <num>118</num>
            <heading>Subsection 18(4)</heading>
            <content>
              <p>Omit “his or her”, substitute “the Regulator’s”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-119">
            <num>119</num>
            <heading>Subsection 18(5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-119A">
            <num>119A</num>
            <heading>Section 19 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-19">
            <num>19</num>
            <heading>Report to be given to the Regulator</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-120">
            <num>120</num>
            <heading>Subsection 19(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-121">
            <num>121</num>
            <heading>Subsections 19(6) and (9)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-122">
            <num>122</num>
            <heading>Subsection 20(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-123">
            <num>123</num>
            <heading>Subsections 20(2) and (3)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-124">
            <num>124</num>
            <heading>Subsections 20(4) and (5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-125">
            <num>125</num>
            <heading>Subsection 21(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-126">
            <num>126</num>
            <heading>Subsection 21(4) (note)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-127">
            <num>127</num>
            <heading>Subsection 21(6)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-128">
            <num>128</num>
            <heading>Subsection 21A(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-129">
            <num>129</num>
            <heading>Subsection 21A(2) (note)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-130">
            <num>130</num>
            <heading>Subsection 21A(3)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-131">
            <num>131</num>
            <heading>Paragraphs 22(1)(b) and (2)(b)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-131A">
            <num>131A</num>
            <heading>Section 22G (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22G">
            <num>22G</num>
            <heading>Report to be given to the Regulator</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-132">
            <num>132</num>
            <heading>Subsections 22G(1) and (2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-133">
            <num>133</num>
            <heading>Subsection 22G(5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-134">
            <num>134</num>
            <heading>Paragraph 22H(1)(b)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-135">
            <num>135</num>
            <heading>Subsection 22K(2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-136">
            <num>136</num>
            <heading>Paragraph 22K(5)(b)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-137">
            <num>137</num>
            <heading>Subsection 22KA(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-138">
            <num>138</num>
            <heading>Subsection 22KA(2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-139">
            <num>139</num>
            <heading>Subsection 22L(2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-140">
            <num>140</num>
            <heading>Subsections 22L(3), (4) and (5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-141">
            <num>141</num>
            <heading>Subsections 22N(2) and (3)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-142">
            <num>142</num>
            <heading>Subsection 22N(4)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-143">
            <num>143</num>
            <heading>Subsection 22P(2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-144">
            <num>144</num>
            <heading>After paragraph 23(1)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-144__para-aa">
              <num>aa</num>
              <content>
                <p>the information is not protected information; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-145">
            <num>145</num>
            <heading>Paragraphs 23(2)(a) and (b)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-145A">
            <num>145A</num>
            <heading>Paragraph 23(2)(g)</heading>
            <content>
              <p>Omit “is disclosed under <ref href="#sec-26">section 26</ref>”, substitute “was disclosed under repealed <ref href="#sec-26">section 26</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-146">
            <num>146</num>
            <heading>At the end of section 23</heading>
            <content>
              <p>Add:</p>
              <p>Note:	See also Part 3 of the <i>Clean Energy Regulator Act 2011</i> (secrecy obligations of officials of the Regulator).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-147">
            <num>147</num>
            <heading>Subsections 24(1) and (1A)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-148">
            <num>148</num>
            <heading>Subsection 24(1AD)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-149">
            <num>149</num>
            <heading>Subsections 24(1AE), (1B) and (1C)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-150">
            <num>150</num>
            <heading>Subsection 24(1C)</heading>
            <content>
              <p>Omit “he or she”, substitute “the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-151">
            <num>151</num>
            <heading>Subsection 24(1F)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-152">
            <num>152</num>
            <heading>Subsection 24(1G)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-153">
            <num>153</num>
            <heading>Subsections 24(2) and (3)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-153A">
            <num>153A</num>
            <heading>Subsections 24(5) and (6)</heading>
            <content>
              <p>Repeal the subsections, substitute:</p>
              <p>Publication by States or Territories</p>
              <p>Publication by other persons</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-153A__subclause-5">
              <num>5</num>
              <content>
                <p>A State or Territory, or an authority of a State or Territory, may publish information disclosed to it under subsection 27(1) if the publication of the information is required under a law of the State or Territory.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-153A__subclause-5A">
              <num>5A</num>
              <content>
                <p>A State or Territory, or an authority of a State or Territory, may publish information disclosed to it under subsection 27(1) if the information is in an aggregated form that does not disclose, either directly or indirectly, information about a specific:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-153A__para-a">
              <num>a</num>
              <content>
                <p>registered corporation; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-153A__para-b">
              <num>b</num>
              <content>
                <p>registered corporation’s group; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-153A__para-c">
              <num>c</num>
              <content>
                <p>non-corporate entity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-153A__para-d">
              <num>d</num>
              <content>
                <p>facility.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-153A__subclause-6">
              <num>6</num>
              <content>
                <p>	(6)	A person may publish greenhouse and energy information disclosed to it under Part 3 of the <i>Clean Energy Regulator Act 2011 </i>if the information is in an aggregated form that does not disclose, either directly or indirectly, information about a specific:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-153A__para-a">
              <num>a</num>
              <content>
                <p>registered corporation; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-153A__para-b">
              <num>b</num>
              <content>
                <p>registered corporation’s group; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-153A__para-c">
              <num>c</num>
              <content>
                <p>non-corporate entity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-153A__para-d">
              <num>d</num>
              <content>
                <p>facility.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-154">
            <num>154</num>
            <heading>Subsections 25(1), (2), (3) and (4)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-155">
            <num>155</num>
            <heading>Section 26</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-158">
            <num>158</num>
            <heading>Subsections 27(1), (1A) and (2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-159">
            <num>159</num>
            <heading>Subsections 28(1), (2) and (3)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-160">
            <num>160</num>
            <heading>Subsection 31(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-161">
            <num>161</num>
            <heading>Subsection 39(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-162">
            <num>162</num>
            <heading>Paragraph 40(1)(c)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-163">
            <num>163</num>
            <heading>Subsection 42(2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-164">
            <num>164</num>
            <heading>Subsections 45(1), (3) and (4)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-165">
            <num>165</num>
            <heading>Subsections 46(1) and (2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-166">
            <num>166</num>
            <heading>Division 1 of Part 6</heading>
            <content>
              <p>Repeal the Division.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-167">
            <num>167</num>
            <heading>Division 2 of Part 6 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-167A">
            <num>167A</num>
            <heading>Section 54 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-54">
            <num>54</num>
            <heading>Regulator may declare facility</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-168">
            <num>168</num>
            <heading>Subsection 54(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-169">
            <num>169</num>
            <heading>Paragraph 54(1)(b)</heading>
            <content>
              <p>Omit “his or her”, substitute “the Regulator’s”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-170">
            <num>170</num>
            <heading>Subsections 54(2), (3), (4) and (5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-171">
            <num>171</num>
            <heading>Subsection 54(5)</heading>
            <content>
              <p>Omit “he or she” (wherever occurring), substitute “the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-171A">
            <num>171A</num>
            <heading>Section 55 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-55">
            <num>55</num>
            <heading>Regulator may declare corporation etc. has operational control</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-172">
            <num>172</num>
            <heading>Subsection 55(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-173">
            <num>173</num>
            <heading>Paragraph 55(1)(b)</heading>
            <content>
              <p>Omit “his or her”, substitute “the Regulator’s”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-174">
            <num>174</num>
            <heading>Paragraph 55(2)(d)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-175">
            <num>175</num>
            <heading>Subsection 55(3)</heading>
            <content>
              <p>Omit “Greenhouse Energy and Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-176">
            <num>176</num>
            <heading>Subsections 55(4) and (5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-177">
            <num>177</num>
            <heading>Subsection 55(5)</heading>
            <content>
              <p>Omit “he or she” (wherever occurring), substitute “the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-178">
            <num>178</num>
            <heading>Section 56</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-179">
            <num>179</num>
            <heading>Subsections 57(1) and (2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-180">
            <num>180</num>
            <heading>Subsections 58(1) and (2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-181">
            <num>181</num>
            <heading>Subsections 71(1), (2) and (4)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-182">
            <num>182</num>
            <heading>Subsection 73(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-183">
            <num>183</num>
            <heading>Subsection 73(2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-184">
            <num>184</num>
            <heading>Subsection 73(5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-185">
            <num>185</num>
            <heading>Subsection 73A(1)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-186">
            <num>186</num>
            <heading>Subsection 73A(2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer” (wherever occurring), substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-187">
            <num>187</num>
            <heading>Subsection 73A(5)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-188">
            <num>188</num>
            <heading>Subsections 74(1) and (2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-189">
            <num>189</num>
            <heading>Subsections 74A(1) and (2)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-190">
            <num>190</num>
            <heading>Subsections 75A(1), (2), (3), (4) and (7)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-191">
            <num>191</num>
            <heading>Subsection 75A(7)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer’s”, substitute “Regulator’s”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-192">
            <num>192</num>
            <heading>Subsection 75A(8)</heading>
            <content>
              <p>Omit “Greenhouse and Energy Data Officer”, substitute “Regulator”.</p>
              <p>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-194">
            <num>194</num>
            <heading>After section 67A</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-67B">
            <num>67B</num>
            <heading>Disclosure of information to the Clean Energy Regulator</heading>
            <content>
              <p>Scope</p>
              <p>Disclosure</p>
              <p>Other powers of disclosure not limited</p>
              <p>Renewable Energy (Electricity) Act 2000</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-67B__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to information obtained under this Act or the regulations.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-67B__subclause-2">
              <num>2</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> may disclose the information to the Clean Energy Regulator for the purposes of, or in connection with, the performance of the functions, or the exercise of the powers, of the Clean Energy Regulator.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-67B__subclause-3">
              <num>3</num>
              <content>
                <p>This section does not, by implication, limit <role refersTo="#minister">the Minister</role>’s powers to disclose the information to a person other than the Clean Energy Regulator.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-195">
            <num>195</num>
            <heading>Subsection 5(1) (definition of Office of the Renewable Energy Regulator)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-196">
            <num>196</num>
            <heading>Subsection 5(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>official of the Regulator</i></b> has the same meaning as in the <i>Clean Energy Regulator Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-197">
            <num>197</num>
            <heading>Subsection 5(1) (definition of protected document)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-198">
            <num>198</num>
            <heading>Subsection 5(1) (definition of protected information)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-199">
            <num>199</num>
            <heading>Subsection 5(1) (definition of Regulator)</heading>
            <content>
              <p>Omit “Renewable Energy Regulator (see <ref href="#sec-142">section 142</ref>)”, substitute “Clean Energy Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-200">
            <num>200</num>
            <heading>Subsection 5(1) (definition of senior employee)</heading>
            <content>
              <p>Omit “Office of the Renewable Energy Regulator”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-201">
            <num>201</num>
            <heading>Subsection 5(1) (definition of senior officer)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>senior officer </i></b>of the Regulator means a person who:</p>
            </content>
            <paragraph eId="schedule-1__clause-201__para-a">
              <num>a</num>
              <content>
                <p>is a member of the staff of the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-201__para-b">
              <num>b</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-201__para-i">
              <num>i</num>
              <content>
                <p>is an SES employee or acting SES employee; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-201__para-ii">
              <num>ii</num>
              <content>
                <p>holds or performs the duties of an Executive Level 2 position or an equivalent position.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-202">
            <num>202</num>
            <heading>Subsection 5(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>staff of the Regulator</i></b> has the same meaning as in the <i>Clean Energy Regulator Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-203">
            <num>203</num>
            <heading>Subsection 30D(5)</heading>
            <content>
              <p>Omit “he or she”, substitute “the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-204">
            <num>204</num>
            <heading>Subsection 107(1)</heading>
            <content>
              <p>Omit “an officer or employee of the Office of the Renewable Energy Regulator”, substitute “a member of the staff of the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-205">
            <num>205</num>
            <heading>Part 12 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-206">
            <num>206</num>
            <heading>Sections 126 to 133</heading>
            <content>
              <p>Repeal the sections.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-207">
            <num>207</num>
            <heading>Part 14</heading>
            <content>
              <p>Repeal the Part.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-207A">
            <num>207A</num>
            <heading>Subsection 156(1) (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
              <p>Delegation to senior officers of the Regulator</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-208">
            <num>208</num>
            <heading>Subsection 156(1)</heading>
            <content>
              <p>Omit “Office of the Renewable Energy Regulator”, substitute “Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-209">
            <num>209</num>
            <heading>Section 158</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-210">
            <num>210</num>
            <heading>Paragraph 159(1)(b)</heading>
            <content>
              <p>Omit “the Regulator”, substitute “an official of the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-211">
            <num>211</num>
            <heading>Subsection 159(2)</heading>
            <content>
              <p>Omit “the Regulator” (first occurring), substitute “an official of the Regulator”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-212">
            <num>212</num>
            <heading>Subsections 159(3) and (4)</heading>
            <content>
              <p>Omit “the Regulator”, substitute “an official of the Regulator”.</p>
              <p>Taxation Administration Act 1953</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-212A">
            <num>212A</num>
            <heading>Subsection 355-65(7) in Schedule 1 (at the end of the table)</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-214">
            <num>214</num>
            <heading>Transitional—acts of the Greenhouse and Energy Data Officer to be attributed to the Clean Energy Regulator</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-214__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	This item applies to anything done by, or in relation to, the Greenhouse and Energy Data Officer under the <i>National Greenhouse and Energy Reporting Act 2007</i>, or under regulations under that Act, before the commencement of this item.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-214__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	The <i>National Greenhouse and Energy Reporting Act 2007</i> and those regulations have effect, after that commencement, as if the thing had been done by, or in relation to, the Clean Energy Regulator.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-215">
            <num>215</num>
            <heading>Transitional—acts of the Renewable Energy Regulator to be attributed to the Clean Energy Regulator</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-215__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	This item applies to anything done by, or in relation to, the Renewable Energy Regulator under the <i>Renewable Energy (Electricity) Act 2000</i>, or under regulations under that Act, before the commencement of this item.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-215__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	The <i>Renewable Energy (Electricity) Act 2000 </i>and those regulations have effect, after that commencement, as if the thing had been done by, or in relation to, the Clean Energy Regulator.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-215A">
            <num>215A</num>
            <heading>Transitional—acts of the Carbon Credits Administrator to be attributed to the Clean Energy Regulator</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-215A__subclause-1">
              <num>1</num>
              <content>
                <p>This item applies to anything done by, or in relation to, the Carbon Credits Administrator under:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-215A__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i> or regulations under that Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-215A__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Australian National Registry of Emissions Units Act 2011</i> or regulations under that Act;</p>
              </content>
            </paragraph>
            <content>
              <p>before the commencement of this item.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-215A__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Those Acts<i> </i>and regulations have effect, after that commencement, as if the thing had been done by, or in relation to, the Clean Energy Regulator.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-216">
            <num>216</num>
            <heading>Transitional—substitution of the Clean Energy Regulator as a party in certain proceedings</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-216__subclause-1">
              <num>1</num>
              <content>
                <p>This item applies to proceedings to which the Greenhouse and Energy Data Officer, the Renewable Energy Regulator or the Carbon Credits Administrator was a party and that were pending in any court or tribunal immediately before the commencement of this item.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-216__subclause-2">
              <num>2</num>
              <content>
                <p>The Clean Energy Regulator is substituted for the Greenhouse and Energy Data Officer, the Renewable Energy Regulator or the Carbon Credits Administrator, as the case requires, from that commencement, as a party to those proceedings.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-217">
            <num>217</num>
            <heading>Transitional—transfer of records to the Clean Energy Regulator</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-217__subclause-1">
              <num>1</num>
              <content>
                <p>This item applies to any records or documents that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-217__para-a">
              <num>a</num>
              <content>
                <p>were in the possession of the Greenhouse and Energy Data Officer, the Renewable Energy Regulator or the Carbon Credits Administrator immediately before the commencement of this item; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-217__para-b">
              <num>b</num>
              <content>
                <p>relate to the Greenhouse and Energy Data Officer, the Renewable Energy Regulator, the Office of the Renewable Energy Regulator or the Carbon Credits Administrator.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-217__subclause-2">
              <num>2</num>
              <content>
                <p>The records and documents are to be transferred to the Clean Energy Regulator after the commencement of this item.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-218">
            <num>218</num>
            <heading>Transitional—transfer of Ombudsman investigations</heading>
            <content>
              <p>If:</p>
              <p>the <i>Ombudsman Act 1976</i> applies after the commencement of this item as if that action had been taken by the Clean Energy Regulator.</p>
            </content>
            <paragraph eId="schedule-1__clause-218__para-a">
              <num>a</num>
              <content>
                <p>	(a)	before the commencement of this item, a complaint was made to the Ombudsman, or the Ombudsman began an investigation, under the <i>Ombudsman Act 1976</i> in relation to action taken by the Greenhouse and Energy Data Officer, the Renewable Energy Regulator or the Carbon Credits Administrator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-218__para-b">
              <num>b</num>
              <content>
                <p>	(b)	immediately before the commencement of this item, the Ombudsman had not finally disposed of the matter in accordance with the <i>Ombudsman Act 1976</i>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-221">
            <num>221</num>
            <heading>Transitional—documents signed by the Renewable Energy Regulator</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-221__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Despite the repeal of <i>Renewable Energy (Electricity) Act 2000</i> by this Part, that section continues to apply, in relation to a person who held the office of the Renewable Energy Regulator at any time before the commencement of this item, as if that repeal had not happened.<ref href="#sec-158">section 158</ref> of the </p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-221__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Despite the amendments of <i>Renewable Energy (Electricity) Act 2000</i> made by this Part, that section continues to apply, in relation to documents or certificates signed by the Renewable Energy Regulator before the commencement of this item, as if those amendments had not been made.<ref href="#sec-159">section 159</ref> of the </p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-222">
            <num>222</num>
            <heading>Transitional—references in instruments</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-222__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	For the purposes of this item, an <b><i>eligible instrument</i></b> is an instrument that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-222__para-a">
              <num>a</num>
              <content>
                <p>was in force immediately before the commencement of this item; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-222__para-b">
              <num>b</num>
              <content>
                <p>contains a reference to the Greenhouse and Energy Data Officer, the Renewable Energy Regulator or the Carbon Credits Administrator.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-222__subclause-2">
              <num>2</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> may, by legislative instrument, declare that a specified eligible instrument has effect as if each reference in the instrument to the Greenhouse and Energy Data Officer, the Renewable Energy Regulator or the Carbon Credits Administrator, as the case may be, were a reference to the Clean Energy Regulator.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-223">
            <num>223</num>
            <heading>Transitional—employees of the Clean Energy Regulator</heading>
            <content>
              <p>Transferring employees</p>
              <p>immediately before the transition time; and</p>
              <p>then:</p>
              <p>paragraphs (c) and (d) cease to apply in relation to the transferring employee when the enterprise agreement commences.</p>
              <p>then:</p>
              <p>New employees</p>
              <p>then:</p>
              <p>paragraphs (e) and (f) cease to apply in relation to the new employee when the enterprise agreement commences.</p>
              <p>Delegation</p>
              <p>Note:	The expressions <b><i>SES employee</i></b> and <b><i>acting SES employee</i></b> are defined in the <i>Acts Interpretation Act 1901</i>.</p>
              <p>Legislative instrument</p>
              <p>Definitions</p>
              <p><b><i>commence</i></b>, in relation to an enterprise agreement, means begin to operate.</p>
              <p><b><i>covers</i></b> has the same meaning as in the <i>Fair Work Act 2009</i>.</p>
              <p><b><i>designated agreement</i></b> means:</p>
              <p><b><i>enterprise agreement</i></b> has the same meaning as in the <i>Fair Work Act 2009</i>.</p>
              <p><b><i>transition time</i></b> means the commencement of this item.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	For the purposes of this item, a person is a <b><i>transferring employee</i></b> if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-223__para-a">
              <num>a</num>
              <content>
                <p>the person was an APS employee in:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>the Department; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>the Office of the Renewable Energy Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-b">
              <num>b</num>
              <content>
                <p>the person is covered by a determination that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>	(i)	is made under <i>Public Service Act 1999</i>; and<ref href="#sec-72">section 72</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>causes the person, at the transition time, to become an APS employee in the Clean Energy Regulator.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-2">
              <num>2</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-223__para-a">
              <num>a</num>
              <content>
                <p>a person is a transferring employee; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-b">
              <num>b</num>
              <content>
                <p>immediately before the transition time, a designated agreement applied to the person’s employment in the Department or the Office of the Renewable Energy Regulator, as the case may be;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-c">
              <num>c</num>
              <content>
                <p>the designated agreement (as in force immediately before the transition time) covers the Commonwealth and the transferring employee in relation to the transferring employee’s employment in the Clean Energy Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-d">
              <num>d</num>
              <content>
                <p>the designated agreement has effect after the transition time, in relation to the transferring employee’s employment in the Clean Energy Regulator, as if it had been made by the Chair of the Clean Energy Regulator on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-e">
              <num>e</num>
              <content>
                <p>if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>an enterprise agreement commences after the transition time; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>the enterprise agreement was made by the Chair of the Clean Energy Regulator on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-iii">
              <num>iii</num>
              <content>
                <p>the enterprise agreement covers the Commonwealth and the transferring employee in relation to the transferring employee’s employment in the Clean Energy Regulator;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-3">
              <num>3</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-223__para-a">
              <num>a</num>
              <content>
                <p>a person is a transferring employee; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-b">
              <num>b</num>
              <content>
                <p>	(b)	immediately before the transition time, a determination under subsection 24(1) of the <i>Public Service Act 1999 </i>applied to the person’s employment in:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>the Department; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>the Office of the Renewable Energy Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-c">
              <num>c</num>
              <content>
                <p>the determination (to the extent to which it relates to the transferring employee) has effect after the transition time, in relation to the transferring employee’s employment in the Clean Energy Regulator, as if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>the determination had been made by the Chair of the Clean Energy Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>the determination were applicable to the person’s employment in the Clean Energy Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-d">
              <num>d</num>
              <content>
                <p>paragraph (c) does not prevent the variation or revocation of the determination.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-4">
              <num>4</num>
              <content>
                <p>(4)	For the purposes of this item, a person is a <b><i>new employee</i></b> if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-223__para-a">
              <num>a</num>
              <content>
                <p>the person is an APS employee in the Clean Energy Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-b">
              <num>b</num>
              <content>
                <p>the person is not a transferring employee.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-5">
              <num>5</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-223__para-a">
              <num>a</num>
              <content>
                <p>a designated agreement covers the Commonwealth because of subitem (2); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-b">
              <num>b</num>
              <content>
                <p>after the transition time, a person becomes a new employee; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-c">
              <num>c</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>the designated agreement would have covered the Commonwealth and the new employee in relation to the new employee’s employment in the Department if the new employee had been an APS employee at the same level in the Department immediately before the transition time; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>the designated agreement would have covered the Commonwealth and the new employee in relation to the new employee’s employment in the Office of the Renewable Energy Regulator if the new employee had been an APS employee at the same level in the Office of the Renewable Energy Regulator immediately before the transition time; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-d">
              <num>d</num>
              <content>
                <p>the Chair of the Clean Energy Regulator, by written notice given to the new employee before or <quantity refersTo="#deadline">within 14 days</quantity> after the person becomes a new employee, determines that the designated agreement is applicable to the new employee for the purposes of this subitem from the time when the person becomes a new employee;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-e">
              <num>e</num>
              <content>
                <p>	(e)	the designated agreement<i> </i>(as in force immediately before the transition time) covers the Commonwealth and the new employee in relation to the new employee’s employment in the Clean Energy Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-f">
              <num>f</num>
              <content>
                <p>the designated agreement has effect after the transition time, in relation to the new employee’s employment in the Clean Energy Regulator, as if it had been made by the Chair of the Clean Energy Regulator on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-g">
              <num>g</num>
              <content>
                <p>if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>an enterprise agreement commences after the transition time; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>the enterprise agreement was made by the Chair of the Clean Energy Regulator on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-iii">
              <num>iii</num>
              <content>
                <p>the enterprise agreement covers the Commonwealth and the new employee in relation to the new employee’s employment in the Clean Energy Regulator;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-6">
              <num>6</num>
              <content>
                <p>The Chair of the Clean Energy Regulator may, in writing, delegate the power conferred by paragraph (5)(d) to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-223__para-a">
              <num>a</num>
              <content>
                <p>a member of the Clean Energy Regulator; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-b">
              <num>b</num>
              <content>
                <p>a person who is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>a member of the staff of the Clean Energy Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>an SES employee or acting SES employee; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-c">
              <num>c</num>
              <content>
                <p>a person who is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>a member of the staff of the Clean Energy Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>an APS employee who holds or performs the duties of an Executive Level 2 position or an equivalent position; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-d">
              <num>d</num>
              <content>
                <p>a person who is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-i">
              <num>i</num>
              <content>
                <p>an APS employee in the Department; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	a person assisting the Clean Energy Regulator under <i>Clean Energy Regulator Act 2011</i>.<ref href="#sec-37">section 37</ref> of the </p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-7">
              <num>7</num>
              <content>
                <p>A determination made under paragraph (5)(d) is not a legislative instrument.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-223__subclause-8">
              <num>8</num>
              <content>
                <p>In this item:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-223__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Department of Climate Change Collective Agreement 2009</i><i>-</i><i>2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Office of the Renewable Energy Regulator Enterprise Agreement 2009</i><i>-</i><i>2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-223__para-c">
              <num>c</num>
              <content>
                <p>an enterprise agreement.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-224">
            <num>224</num>
            <heading>Transitional—regulations relating to the transfer of APS employees to the Clean Energy Regulator</heading>
            <content>
              <p>The Governor-General may make regulations providing for matters of a transitional nature in relation to the transfer of APS employees from:</p>
              <p>to the Clean Energy Regulator.</p>
            </content>
            <paragraph eId="schedule-1__clause-224__para-a">
              <num>a</num>
              <content>
                <p>the Department; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-224__para-b">
              <num>b</num>
              <content>
                <p>the Office of the Renewable Energy Regulator;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-225">
            <num>225</num>
            <heading>Transitional—employees of the Climate Change Authority</heading>
            <content>
              <p>Transferring employees</p>
              <p>immediately before the transition time; and</p>
              <p>then:</p>
              <p>paragraphs (c) and (d) cease to apply in relation to the transferring employee when the enterprise agreement commences.</p>
              <p>then:</p>
              <p>New employees</p>
              <p>then:</p>
              <p>paragraphs (e) and (f) cease to apply in relation to the new employee when the enterprise agreement commences.</p>
              <p>Delegation</p>
              <p>Note:	The expressions <b><i>SES employee</i></b> and <b><i>acting SES employee</i></b> are defined in the <i>Acts Interpretation Act 1901</i>.</p>
              <p>Legislative instrument</p>
              <p>Definitions</p>
              <p><b><i>commence</i></b>, in relation to an enterprise agreement, means begin to operate.</p>
              <p><b><i>covers</i></b> has the same meaning as in the <i>Fair Work Act 2009</i>.</p>
              <p><b><i>designated agreement</i></b> means:</p>
              <p><b><i>enterprise agreement</i></b> has the same meaning as in the <i>Fair Work Act 2009</i>.</p>
              <p><b><i>transition time</i></b> means the start of 1 July 2012.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	For the purposes of this item, a person is a <b><i>transferring employee</i></b> if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-225__para-a">
              <num>a</num>
              <content>
                <p>the person was an APS employee in:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>the Department; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>the Office of the Renewable Energy Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-b">
              <num>b</num>
              <content>
                <p>the person is covered by a determination that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>	(i)	is made under <i>Public Service Act 1999</i>; and<ref href="#sec-72">section 72</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>causes the person, at the transition time, to become an APS employee in the Climate Change Authority.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-2">
              <num>2</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-225__para-a">
              <num>a</num>
              <content>
                <p>a person is a transferring employee; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-b">
              <num>b</num>
              <content>
                <p>immediately before the transition time, a designated agreement applied to the person’s employment in the Department or the Office of the Renewable Energy Regulator, as the case may be;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-c">
              <num>c</num>
              <content>
                <p>the designated agreement (as in force immediately before the transition time) covers the Commonwealth and the transferring employee in relation to the transferring employee’s employment in the Climate Change Authority; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-d">
              <num>d</num>
              <content>
                <p>the designated agreement has effect after the transition time, in relation to the transferring employee’s employment in the Climate Change Authority, as if it had been made by the Chief Executive Officer of the Climate Change Authority on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-e">
              <num>e</num>
              <content>
                <p>if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>an enterprise agreement commences after the transition time; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>the enterprise agreement was made by the Chief Executive Officer of the Climate Change Authority on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-iii">
              <num>iii</num>
              <content>
                <p>the enterprise agreement covers the Commonwealth and the transferring employee in relation to the transferring employee’s employment in the Climate Change Authority;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-3">
              <num>3</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-225__para-a">
              <num>a</num>
              <content>
                <p>a person is a transferring employee; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-b">
              <num>b</num>
              <content>
                <p>	(b)	immediately before the transition time, a determination under subsection 24(1) of the <i>Public Service Act 1999 </i>applied to the person’s employment in:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>the Department; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>the Office of the Renewable Energy Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-c">
              <num>c</num>
              <content>
                <p>the determination (to the extent to which it relates to the transferring employee) has effect after the transition time, in relation to the transferring employee’s employment in the Climate Change Authority, as if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>the determination had been made by the Chief Executive Officer of the Climate Change Authority; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>the determination were applicable to the person’s employment in the Climate Change Authority; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-d">
              <num>d</num>
              <content>
                <p>paragraph (c) does not prevent the variation or revocation of the determination.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-4">
              <num>4</num>
              <content>
                <p>(4)	For the purposes of this item, a person is a <b><i>new employee</i></b> if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-225__para-a">
              <num>a</num>
              <content>
                <p>the person is an APS employee in the Climate Change Authority; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-b">
              <num>b</num>
              <content>
                <p>the person is not a transferring employee.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-5">
              <num>5</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-225__para-a">
              <num>a</num>
              <content>
                <p>a designated agreement covers the Commonwealth because of subitem (2); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-b">
              <num>b</num>
              <content>
                <p>after the transition time, a person becomes a new employee; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-c">
              <num>c</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>the designated agreement would have covered the Commonwealth and the new employee in relation to the new employee’s employment in the Department if the new employee had been an APS employee at the same level in the Department immediately before the transition time; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>the designated agreement would have covered the Commonwealth and the new employee in relation to the new employee’s employment in the Office of the Renewable Energy Regulator if the new employee had been an APS employee at the same level in the Office of the Renewable Energy Regulator immediately before the transition time; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-d">
              <num>d</num>
              <content>
                <p>the Chief Executive Officer of the Climate Change Authority, by written notice given to the new employee before or <quantity refersTo="#deadline">within 14 days</quantity> after the person becomes a new employee, determines that the designated agreement is applicable to the new employee for the purposes of this subitem from the time when the person becomes a new employee;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-e">
              <num>e</num>
              <content>
                <p>	(e)	the designated agreement<i> </i>(as in force immediately before the transition time) covers the Commonwealth and the new employee in relation to the new employee’s employment in the Climate Change Authority; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-f">
              <num>f</num>
              <content>
                <p>the designated agreement has effect after the transition time, in relation to the new employee’s employment in the Climate Change Authority, as if it had been made by the Chief Executive Officer of the Climate Change Authority on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-g">
              <num>g</num>
              <content>
                <p>if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>an enterprise agreement commences after the transition time; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>the enterprise agreement was made by the Chief Executive Officer of the Climate Change Authority on behalf of the Commonwealth; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-iii">
              <num>iii</num>
              <content>
                <p>the enterprise agreement covers the Commonwealth and the new employee in relation to the new employee’s employment in the Climate Change Authority;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-6">
              <num>6</num>
              <content>
                <p>The Chief Executive Officer of the Climate Change Authority may, in writing, delegate the power conferred by paragraph (5)(d) to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-225__para-a">
              <num>a</num>
              <content>
                <p>a person who is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>a member of the staff of the Climate Change Authority; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>an SES employee or acting SES employee; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-b">
              <num>b</num>
              <content>
                <p>a person who is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>an SES employee, or acting SES employee, in the Department; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	a person assisting the Climate Change Authority under <i>Climate Change Authority Act 2011</i>; or<ref href="#sec-53">section 53</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-c">
              <num>c</num>
              <content>
                <p>a person who:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-i">
              <num>i</num>
              <content>
                <p>is an APS employee in the Department; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	is a person assisting the Climate Change Authority under <i>Climate Change Authority Act 2011</i>; and<ref href="#sec-53">section 53</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-iii">
              <num>iii</num>
              <content>
                <p>holds or performs the duties of an Executive Level 2 position or an equivalent position.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-7">
              <num>7</num>
              <content>
                <p>A determination made under paragraph (5)(d) is not a legislative instrument.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-225__subclause-8">
              <num>8</num>
              <content>
                <p>In this item:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-225__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Department of Climate Change Collective Agreement 2009</i><i>-</i><i>2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Office of the Renewable Energy Regulator Enterprise Agreement 2009</i><i>-</i><i>2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-225__para-c">
              <num>c</num>
              <content>
                <p>an enterprise agreement.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-226">
            <num>226</num>
            <heading>Transitional—regulations relating to the transfer of APS employees to the Climate Change Authority</heading>
            <content>
              <p>The Governor-General may make regulations providing for matters of a transitional nature in relation to the transfer of APS employees from:</p>
              <p>to the Climate Change Authority.</p>
            </content>
            <paragraph eId="schedule-1__clause-226__para-a">
              <num>a</num>
              <content>
                <p>the Department; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-226__para-b">
              <num>b</num>
              <content>
                <p>the Office of the Renewable Energy Regulator;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-227">
            <num>227</num>
            <heading>Separate agreements relating to employment</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-227__subclause-1">
              <num>1</num>
              <content>
                <p>If either or both of the following conditions are satisfied:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-227__para-a">
              <num>a</num>
              <content>
                <p>under either or both of subitems 223(2) and (5), a designated agreement covers the Commonwealth and one or more employees in relation to their employment in the Clean Energy Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-227__para-b">
              <num>b</num>
              <content>
                <p>under either or both of subitems 225(2) and (5), a designated agreement covers the Commonwealth and one or more employees in relation to their employment in the Climate Change Authority;</p>
              </content>
            </paragraph>
            <content>
              <p>the <i>Fair Work Act 2009</i> and the <i>Fair Work (Transitional Provisions and Consequential Amendments) Act 2009</i> have effect as if the following were separate agreements:</p>
              <p>Definitions</p>
              <p><b><i>covers</i></b> has the same meaning as in the <i>Fair Work Act 2009</i>.</p>
              <p><b><i>designated agreement</i></b> means:</p>
              <p><b><i>enterprise agreement</i></b> has the same meaning as in the <i>Fair Work Act 2009</i>.</p>
            </content>
            <paragraph eId="schedule-1__clause-227__para-c">
              <num>c</num>
              <content>
                <p>the designated agreement, in so far as it has the coverage mentioned in paragraph (a);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-227__para-d">
              <num>d</num>
              <content>
                <p>the designated agreement, in so far as it has the coverage mentioned in paragraph (b);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-227__para-e">
              <num>e</num>
              <content>
                <p>the designated agreement, in so far as it has neither the coverage mentioned in paragraph (a) nor the coverage mentioned in paragraph (b).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-227__subclause-2">
              <num>2</num>
              <content>
                <p>In this item:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-227__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the <i>Department of Climate Change Collective Agreement 2009</i><i>-</i><i>2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-227__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Office of the Renewable Energy Regulator Enterprise Agreement 2009</i><i>-</i><i>2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-227__para-c">
              <num>c</num>
              <content>
                <p>an enterprise agreement.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-228">
            <num>228</num>
            <heading>Transitional—regulations</heading>
            <content>
              <p>The Governor-General may make regulations in relation to transitional matters arising out of the amendments made by this Part.</p>
              <p>Australian National Registry of Emissions Units Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-229">
            <num>229</num>
            <heading>Section 3</heading>
            <content>
              <p>Omit:</p>
              <p>•	Entries may be made in Registry accounts for:</p>
              <p>substitute:</p>
              <p>•	Entries may be made in Registry accounts for:</p>
            </content>
            <paragraph eId="schedule-1__clause-229__para-a">
              <num>a</num>
              <content>
                <p>Australian carbon credit units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-229__para-b">
              <num>b</num>
              <content>
                <p>Kyoto units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-229__para-c">
              <num>c</num>
              <content>
                <p>prescribed international units.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-229__para-a">
              <num>a</num>
              <content>
                <p>carbon units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-229__para-b">
              <num>b</num>
              <content>
                <p>Australian carbon credit units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-229__para-c">
              <num>c</num>
              <content>
                <p>Kyoto units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-229__para-d">
              <num>d</num>
              <content>
                <p>prescribed international units.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-230">
            <num>230</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>carbon unit</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-231">
            <num>231</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>fixed charge year</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-232">
            <num>232</num>
            <heading>Section 4 (definition of hold)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>hold</i></b>: a person <b><i>holds</i></b> a carbon unit or an Australian carbon credit unit if the person is the registered holder of the unit.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-233">
            <num>233</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Information Database</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-234">
            <num>234</num>
            <heading>Section 4 (definition of issue)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>issue</i></b>:</p>
            </content>
            <paragraph eId="schedule-1__clause-234__para-a">
              <num>a</num>
              <content>
                <p>	(a)	in relation to a carbon unit—has the same meaning as in the <i>Clean Energy Act 2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-234__para-b">
              <num>b</num>
              <content>
                <p>	(b)	in relation to an Australian carbon credit unit—has the same meaning as in the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-235">
            <num>235</num>
            <heading>Section 4 (before paragraph (a) of the definition of registered holder)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-235__para-aa">
              <num>aa</num>
              <content>
                <p>a carbon unit; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-236">
            <num>236</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>vintage year</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-237">
            <num>237</num>
            <heading>Paragraph 9(4)(a)</heading>
            <content>
              <p>Omit “Australian carbon credit units”, substitute “carbon units, Australian carbon credit units and prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-238">
            <num>238</num>
            <heading>Paragraph 11(5)(a)</heading>
            <content>
              <p>After “any”, insert “carbon units or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-239">
            <num>239</num>
            <heading>After section 14</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-14A">
            <num>14A</num>
            <heading>Units in certain accounts cannot be surrendered</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-14A__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	The regulations may provide that, if there is an entry for a Kyoto unit in a specified Commonwealth Registry account, the unit cannot be surrendered under the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-14A__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	Regulations made for the purposes of subsection (1) have effect despite any other provision of the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-240">
            <num>240</num>
            <heading>After paragraph 15(2)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-240__para-aa">
              <num>aa</num>
              <content>
                <p>there are no entries for any carbon units in the account; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-241">
            <num>241</num>
            <heading>After subsection 16(2)</heading>
            <content>
              <p>Insert:</p>
              <p>Cancellation or transfer of units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-241__subclause-2A">
              <num>2A</num>
              <content>
                <p>The regulations may provide that, if immediately before the Regulator closes a Registry account under regulations made for the purposes of subsection (1), there is an entry for a carbon unit in the account, the unit is cancelled.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-241A">
            <num>241A</num>
            <heading>Subsection 16(3) (heading)</heading>
            <content>
              <p>Repeal the heading.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-242">
            <num>242</num>
            <heading>Before subsection 17(1)</heading>
            <content>
              <p>Insert:</p>
              <p>Carbon units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-242__subclause-1A">
              <num>1A</num>
              <content>
                <p>	(1A)	An entry for a carbon unit in a Registry account may be made in accordance with the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-242A">
            <num>242A</num>
            <heading>Before subsection 19(4)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-242A__subclause-3B">
              <num>3B</num>
              <content>
                <p>	(3B)	The Regulator must not exercise the power conferred by subsection (1) of this section in a manner contrary to <i>Clean Energy Act 2011</i>.<ref href="#sec-103A">section 103A</ref> of the </p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-242B">
            <num>242B</num>
            <heading>Before subsection 22(5)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-242B__subclause-4B">
              <num>4B</num>
              <content>
                <p>	(4B)	The court must not make an order that is contrary to <i>Clean Energy Act 2011</i>.<ref href="#sec-103A">section 103A</ref> of the </p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-243">
            <num>243</num>
            <heading>Before subparagraph 26(3)(a)(i)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-243__para-ia">
              <num>ia</num>
              <content>
                <p>carbon units; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-244">
            <num>244</num>
            <heading>Before paragraph 28A(1)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-244__para-aa">
              <num>aa</num>
              <content>
                <p>carbon units; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-245">
            <num>245</num>
            <heading>After paragraph 28A(4)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-245__para-aa">
              <num>aa</num>
              <content>
                <p>	(aa)	anything in the <i>Clean Energy Act 2011</i>; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-246">
            <num>246</num>
            <heading>Before paragraph 28B(1)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-246__para-aa">
              <num>aa</num>
              <content>
                <p>carbon units; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-247">
            <num>247</num>
            <heading>After paragraph 28B(11)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-247__para-aa">
              <num>aa</num>
              <content>
                <p>	(aa)	anything in the <i>Clean Energy Act 2011</i>; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-248">
            <num>248</num>
            <heading>Subsection 28B(11) (at the end of the note)</heading>
            <content>
              <p>Add:</p>
              <p>; and (e)	subsection 109(2) of the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-249">
            <num>249</num>
            <heading>After paragraph 28C(17)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-249__para-aa">
              <num>aa</num>
              <content>
                <p>	(aa)	anything in the <i>Clean Energy Act 2011</i>; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-250">
            <num>250</num>
            <heading>Subparagraph 28D(5)(a)(ii)</heading>
            <content>
              <p>After “issue any”, insert “carbon units or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-251">
            <num>251</num>
            <heading>Paragraph 28D(5)(b)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-251__para-b">
              <num>b</num>
              <content>
                <p>none of the following notices have effect:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-251__para-i">
              <num>i</num>
              <content>
                <p>	(i)	a notice to surrender eligible emissions units under <i>Clean Energy Act 2011</i>;<ref href="#sec-122">section 122</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-251__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	a notice to relinquish carbon units under <i>Clean Energy Act 2011</i>;<ref href="#sec-210">section 210</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-251__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	a notice to relinquish Australian carbon credit units under <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.<ref href="#sec-175">section 175</ref> of the </p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-252">
            <num>252</num>
            <heading>After paragraph 28D(16)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-252__para-aa">
              <num>aa</num>
              <content>
                <p>	(aa)	anything in the <i>Clean Energy Act 2011</i>; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-253">
            <num>253</num>
            <heading>Section 58</heading>
            <content>
              <p>Repeal the section, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-58">
            <num>58</num>
            <heading>Simplified outline</heading>
            <content>
              <p>The following is a simplified outline of this Part:</p>
              <p>•	The Regulator must publish certain information about:</p>
            </content>
            <paragraph eId="schedule-1__clause-58__para-a">
              <num>a</num>
              <content>
                <p>the holders of Registry accounts; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-58__para-b">
              <num>b</num>
              <content>
                <p>carbon units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-58__para-c">
              <num>c</num>
              <content>
                <p>Kyoto units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-58__para-d">
              <num>d</num>
              <content>
                <p>prescribed international units.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-254">
            <num>254</num>
            <heading>After section 61</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-61A">
            <num>61A</num>
            <heading>Information about number of voluntarily cancelled carbon units</heading>
            <content>
              <p>As soon as practicable after one or more carbon units held by a person are cancelled under <ref href="#sec-64A">section 64A</ref>, the Regulator must publish on the Regulator’s website:</p>
            </content>
            <paragraph eId="schedule-1__clause-61A__para-a">
              <num>a</num>
              <content>
                <p>the name of the person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-61A__para-b">
              <num>b</num>
              <content>
                <p>the total number of carbon units cancelled.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-61B">
            <num>61B</num>
            <heading>Information about number of voluntarily cancelled Australian carbon credit units</heading>
            <content>
              <p>As soon as practicable after one or more Australian carbon credit units held by a person are cancelled under <ref href="#sec-64B">section 64B</ref>, the Regulator must publish on the Regulator’s website:</p>
            </content>
            <paragraph eId="schedule-1__clause-61B__para-a">
              <num>a</num>
              <content>
                <p>the name of the person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-61B__para-b">
              <num>b</num>
              <content>
                <p>the total number of Australian carbon credit units cancelled.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-255">
            <num>255</num>
            <heading>At the end of Part 5</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-63A">
            <num>63A</num>
            <heading>Number of voluntarily cancelled units to be entered in the Information Database</heading>
            <content>
              <p>Scope</p>
              <p>Carbon units</p>
              <p>Australian carbon credit units</p>
              <p>Kyoto units</p>
              <p>Prescribed international units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-63A__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	This section applies if there is an entry for a person in the Information Database in relation to an eligible financial year (within the meaning of the <i>Clean Energy Act 2011</i>).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-63A__subclause-2">
              <num>2</num>
              <content>
                <p>As soon as practicable after one or more carbon units held by the person are cancelled under <ref href="#sec-64A">section 64A</ref>, the Regulator must enter in the Information Database the total number of carbon units cancelled.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-63A__subclause-3">
              <num>3</num>
              <content>
                <p>As soon as practicable after one or more Australian carbon credit units held by the person are cancelled under <ref href="#sec-64B">section 64B</ref>, the Regulator must enter in the Information Database the total number of Australian carbon credit units cancelled.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-63A__subclause-4">
              <num>4</num>
              <content>
                <p>As soon as practicable after one or more Kyoto units held by the person are transferred under <ref href="#sec-65">section 65</ref> to a voluntary cancellation account, the Regulator must enter in the Information Database the total number of Kyoto units transferred.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-63A__subclause-5">
              <num>5</num>
              <content>
                <p>As soon as practicable after one or more prescribed international units held by the person are cancelled under <ref href="#sec-66">section 66</ref>, the Regulator must enter in the Information Database the total number of prescribed international units cancelled.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-256">
            <num>256</num>
            <heading>Section 64</heading>
            <content>
              <p>Repeal the section, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-64">
            <num>64</num>
            <heading>Simplified outline</heading>
            <content>
              <p>The following is a simplified outline of this Part:</p>
              <p>•	If a person is the registered holder of one or more carbon units, the person may request the Regulator to cancel any or all of those units. However, this rule does not apply to a unit that was issued for a fixed charge and has a vintage year that is a fixed charge year.</p>
              <p>•	If a person is the registered holder of one or more Australian carbon credit units, the person may request the Regulator to cancel any or all of those units.</p>
              <p>•	If a person is the registered holder of one or more Kyoto units, the person may request the Regulator to transfer to a voluntary cancellation account any or all of those units.</p>
              <p>•	If a person is the registered holder of one or more prescribed international units, the person may request the Regulator to cancel any or all of those units.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-64A">
            <num>64A</num>
            <heading>Voluntary cancellation of carbon units</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-64A__subclause-1">
              <num>1</num>
              <content>
                <p>If a person is the registered holder of one or more carbon units, the person may, by electronic notice transmitted to the Regulator, request the Regulator to cancel any or all of those units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-64A__subclause-2">
              <num>2</num>
              <content>
                <p>A notice under subsection (1) must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-64A__para-a">
              <num>a</num>
              <content>
                <p>specify the carbon unit or units that are to be cancelled; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64A__para-b">
              <num>b</num>
              <content>
                <p>specify the account number or account numbers of the person’s Registry account, or the person’s Registry accounts, in which there is an entry or entries for the carbon unit or units that are to be cancelled.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-64A__subclause-3">
              <num>3</num>
              <content>
                <p>A person is not entitled to request the Regulator to cancel a carbon unit that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-64A__para-a">
              <num>a</num>
              <content>
                <p>	(a)	was issued in accordance with <i>Clean Energy Act 2011</i>; or<ref href="#sec-100">section 100</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64A__para-b">
              <num>b</num>
              <content>
                <p>has a vintage year that is a fixed charge year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-64A__subclause-4">
              <num>4</num>
              <content>
                <p>If the Regulator receives a notice under subsection (1) in relation to a carbon unit:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-64A__para-a">
              <num>a</num>
              <content>
                <p>the unit is cancelled; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64A__para-b">
              <num>b</num>
              <content>
                <p>the Regulator must remove the entry for the unit from the person’s Registry account in which there is an entry for the unit.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-64A__subclause-5">
              <num>5</num>
              <content>
                <p>The Registry must set out a record of each notice under subsection (1).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-64B">
            <num>64B</num>
            <heading>Voluntary cancellation of Australian carbon credit units</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-64B__subclause-1">
              <num>1</num>
              <content>
                <p>If a person is the registered holder of one or more Australian carbon credit units, the person may, by electronic notice transmitted to the Regulator, request the Regulator to cancel any or all of those units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-64B__subclause-2">
              <num>2</num>
              <content>
                <p>A notice under subsection (1) must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-64B__para-a">
              <num>a</num>
              <content>
                <p>specify the Australian carbon credit unit or units that are to be cancelled; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64B__para-b">
              <num>b</num>
              <content>
                <p>specify the account number or account numbers of the person’s Registry account, or the person’s Registry accounts, in which there is an entry or entries for the Australian carbon credit unit or units that are to be cancelled.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-64B__subclause-3">
              <num>3</num>
              <content>
                <p>If the Regulator receives a notice under subsection (1) in relation to an Australian carbon credit unit:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-64B__para-a">
              <num>a</num>
              <content>
                <p>the unit is cancelled; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64B__para-b">
              <num>b</num>
              <content>
                <p>the Regulator must remove the entry for the unit from the person’s Registry account in which there is an entry for the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64B__para-c">
              <num>c</num>
              <content>
                <p>if the unit is a Kyoto Australian carbon credit unit:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64B__para-i">
              <num>i</num>
              <content>
                <p><role refersTo="#minister">the Minister</role> must, by written notice given to the Regulator, direct the Regulator to transfer a Kyoto unit from a Commonwealth holding account to a voluntary cancellation account before the end of the true-up period for the relevant commitment period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-64B__para-ii">
              <num>ii</num>
              <content>
                <p>the Regulator must comply with a direction under subparagraph (i).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-64B__subclause-4">
              <num>4</num>
              <content>
                <p>The Registry must set out a record of each notice under subsection (1).</p>
              </content>
            </hcontainer>
            <content>
              <p>Australian Securities and Investments Commission Act 2001</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-256A">
            <num>256A</num>
            <heading>At the end of subsection 127(2A)</heading>
            <content>
              <p>Add:</p>
              <p>; (f)	the Climate Change Authority.</p>
              <p>Carbon Credits (Carbon Farming Initiative) Act 2011</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-257">
            <num>257</num>
            <heading>Section 163</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-258">
            <num>258</num>
            <heading>Part 14</heading>
            <content>
              <p>Repeal the Part.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-258A">
            <num>258A</num>
            <heading>Section 306</heading>
            <content>
              <p>Repeal the section, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-306">
            <num>306</num>
            <heading>Periodic reviews of operation of this Act etc.</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-1">
              <num>1</num>
              <content>
                <p>The Climate Change Authority must conduct reviews of the operation of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-306__para-a">
              <num>a</num>
              <content>
                <p>this Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-306__para-b">
              <num>b</num>
              <content>
                <p>the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-306__para-c">
              <num>c</num>
              <content>
                <p>other instruments made under this Act.</p>
              </content>
            </paragraph>
            <content>
              <p>Public consultation</p>
              <p>Report</p>
              <p>First review</p>
              <p>Subsequent reviews</p>
              <p>Recommendations</p>
              <p>Government response to recommendations</p>
              <p>Competition and Consumer Act 2010</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-2">
              <num>2</num>
              <content>
                <p>A review under subsection (1) must make provision for public consultation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-3">
              <num>3</num>
              <content>
                <p>The Climate Change Authority must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-306__para-a">
              <num>a</num>
              <content>
                <p>give <role refersTo="#minister">the Minister</role> a report of the review; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-306__para-b">
              <num>b</num>
              <content>
                <p>as soon as practicable after giving the report to <role refersTo="#minister">the Minister</role>, publish the report on the Climate Change Authority’s website.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-4">
              <num>4</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> must cause copies of a report under subsection (3) to be tabled in each House of the Parliament within 15 sitting days of that House after the review is completed.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-5">
              <num>5</num>
              <content>
                <p>The first review under subsection (1) must be completed before the end of <date date="2014-12-31">31 December 2014</date>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-6">
              <num>6</num>
              <content>
                <p>Each subsequent review under subsection (1) must be completed within 3 years after the deadline for completion of the previous review.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-7">
              <num>7</num>
              <content>
                <p>For the purposes of subsections (4), (5) and (6), a review is completed when the report of the review is given to <role refersTo="#minister">the Minister</role> under subsection (3).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-8">
              <num>8</num>
              <content>
                <p>A report of a review under subsection (1) may set out recommendations to the Commonwealth Government.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-9">
              <num>9</num>
              <content>
                <p>In formulating a recommendation that the Commonwealth Government should take particular action, the Climate Change Authority must analyse the costs and benefits of that action.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-10">
              <num>10</num>
              <content>
                <p>Subsection (9) does not prevent the Climate Change Authority from taking other matters into account in formulating a recommendation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-11">
              <num>11</num>
              <content>
                <p>If a report of a review under subsection (1) sets out one or more recommendations to the Commonwealth Government, the report must set out the Climate Change Authority’s reasons for those recommendations.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-12">
              <num>12</num>
              <content>
                <p>If a report of a review under subsection (1) sets out one or more recommendations to the Commonwealth Government:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-306__para-a">
              <num>a</num>
              <content>
                <p>as soon as practicable after receiving the report, <role refersTo="#minister">the Minister</role> must cause to be prepared a statement setting out the Commonwealth Government’s response to each of the recommendations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-306__para-b">
              <num>b</num>
              <content>
                <p><quantity refersTo="#deadline">within 6 months</quantity> after receiving the report, the Minister must cause copies of the statement to be tabled in each House of the Parliament.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-306__subclause-13">
              <num>13</num>
              <content>
                <p>The Commonwealth Government’s response to the recommendations may have regard to the views of the following:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-306__para-a">
              <num>a</num>
              <content>
                <p>the Climate Change Authority;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-306__para-b">
              <num>b</num>
              <content>
                <p>the Clean Energy Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-306__para-c">
              <num>c</num>
              <content>
                <p>such other persons as <role refersTo="#minister">the Minister</role> considers relevant.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-258B">
            <num>258B</num>
            <heading>Before paragraph 44AAF(3)(d)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-258B__para-cb">
              <num>cb</num>
              <content>
                <p>the Climate Change Authority;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-258C">
            <num>258C</num>
            <heading>Paragraph 44AAF(3)(d)</heading>
            <content>
              <p>Omit “(c) or (ca)”, substitute “(c), (ca) or (cb)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-258D">
            <num>258D</num>
            <heading>After paragraph 155AAA(12)(la)</heading>
            <content>
              <p>Insert:</p>
              <p>Corporations Act 2001</p>
            </content>
            <paragraph eId="schedule-1__clause-258D__para-lb">
              <num>lb</num>
              <content>
                <p>the Climate Change Authority;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-259">
            <num>259</num>
            <heading>Section 9</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>carbon unit</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-260">
            <num>260</num>
            <heading>After paragraph 764A(1)(k)</heading>
            <content>
              <p>Insert:</p>
              <p>Evidence Act 1995</p>
            </content>
            <paragraph eId="schedule-1__clause-260__para-kaa">
              <num>kaa</num>
              <content>
                <p>a carbon unit;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-260A">
            <num>260A</num>
            <heading>Part 1 of the Dictionary (subparagraph (b)(vi) of the definition of Commonwealth document)</heading>
            <content>
              <p>After “<ref href="#sec-46">section 46</ref>”, insert “or 46A”.</p>
              <p>Financial Management and Accountability Regulations 1997</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-261">
            <num>261</num>
            <heading>Part 1 of Schedule 1 (before table item 134)</heading>
            <content>
              <p>Insert:</p>
              <p>National Greenhouse and Energy Reporting Act 2007</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-261A">
            <num>261A</num>
            <heading>Section 3 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-3">
            <num>3</num>
            <heading>Objects</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-262">
            <num>262</num>
            <heading>Section 3</heading>
            <content>
              <p>Before “The”, insert “(1)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-263">
            <num>263</num>
            <heading>Section 3</heading>
            <content>
              <p>Before “object”, insert “first”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-264">
            <num>264</num>
            <heading>Paragraph 3(a)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-265">
            <num>265</num>
            <heading>At the end of section 3</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-265__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	The second object of this Act is to underpin the <i>Clean Energy Act 2011</i> by imposing various registration, reporting and record-keeping requirements.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-266">
            <num>266</num>
            <heading>Section 4</heading>
            <content>
              <p>Before “This Act”, insert “(1)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-267">
            <num>267</num>
            <heading>Section 4</heading>
            <content>
              <p>After “This Act”, insert “(except to the extent to which it underpins the <i>Clean Energy Act 2011</i>)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-268">
            <num>268</num>
            <heading>At the end of section 4</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-268__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	To the extent to which this Act underpins the <i>Clean Energy Act 2011</i>, this Act relies on the same legislative powers that support the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-269">
            <num>269</num>
            <heading>Section 5</heading>
            <content>
              <p>Before “This Act”, insert “(1)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-270">
            <num>270</num>
            <heading>Subparagraph 5(a)(i)</heading>
            <content>
              <p>Repeal the subparagraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-271">
            <num>271</num>
            <heading>Paragraph 5(b)</heading>
            <content>
              <p>Omit “this section”, substitute “this subsection”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-272">
            <num>272</num>
            <heading>At the end of section 5</heading>
            <content>
              <p>Add:</p>
              <p>so far as the law, or part of the law, would otherwise apply in relation to a person other than:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-272__subclause-2">
              <num>2</num>
              <content>
                <p>This Act is intended to apply to the exclusion of a law of a State or Territory, or a part of such a law:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-272__para-a">
              <num>a</num>
              <content>
                <p>that provides for the reporting or disclosure of information related to greenhouse gas emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-272__para-b">
              <num>b</num>
              <content>
                <p>that the regulations provide is a law, or part of a law, to which this subsection applies;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-272__para-c">
              <num>c</num>
              <content>
                <p>a local governing body; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-272__para-d">
              <num>d</num>
              <content>
                <p>an authority of a State or Territory.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-273">
            <num>273</num>
            <heading>After section 5</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-5A">
            <num>5A</num>
            <heading>Crown to be bound</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-5A__subclause-1">
              <num>1</num>
              <content>
                <p>This Act binds the Crown in each of its capacities.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-5A__subclause-2">
              <num>2</num>
              <content>
                <p>This Act does not make the Crown liable to a pecuniary penalty or to be prosecuted for an offence.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-5A__subclause-3">
              <num>3</num>
              <content>
                <p>The protection in subsection (2) does not apply to an authority of the Crown.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-274">
            <num>274</num>
            <heading>Section 6</heading>
            <content>
              <p>Repeal the section, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-6">
            <num>6</num>
            <heading>Extension to external Territories</heading>
            <content>
              <p>This Act extends to every external Territory.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-6A">
            <num>6A</num>
            <heading>Extension to exclusive economic zone and continental shelf</heading>
            <content>
              <p>This Act extends to a matter relating to the exercise of Australia’s sovereign rights in the exclusive economic zone or the continental shelf.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-6B">
            <num>6B</num>
            <heading>Extension to Joint Petroleum Development Area</heading>
            <content>
              <p>This Act extends to the Joint Petroleum Development Area.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-6C">
            <num>6C</num>
            <heading>Application to foreign ships</heading>
            <content>
              <p>This Act does not apply to the extent that its application would be inconsistent with the exercise of rights of foreign ships in:</p>
              <p>in accordance with the United Nations Convention on the Law of the Sea.</p>
            </content>
            <paragraph eId="schedule-1__clause-6C__para-a">
              <num>a</num>
              <content>
                <p>the territorial sea; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-6C__para-b">
              <num>b</num>
              <content>
                <p>the exclusive economic zone; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-6C__para-c">
              <num>c</num>
              <content>
                <p>waters of the continental shelf;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-275">
            <num>275</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>activity</i></b> includes:</p>
              <p>relating to:</p>
            </content>
            <paragraph eId="schedule-1__clause-275__para-a">
              <num>a</num>
              <content>
                <p>a condition; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-275__para-b">
              <num>b</num>
              <content>
                <p>a circumstance; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-275__para-c">
              <num>c</num>
              <content>
                <p>a state of affairs;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-275__para-d">
              <num>d</num>
              <content>
                <p>solid waste; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-275__para-e">
              <num>e</num>
              <content>
                <p>carbon capture and storage; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-275__para-f">
              <num>f</num>
              <content>
                <p>other storage; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-275__para-g">
              <num>g</num>
              <content>
                <p>stockpiling; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-275__para-h">
              <num>h</num>
              <content>
                <p>any other matter or thing.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-276">
            <num>276</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>approved by the Regulator</i></b> means approved by the Regulator, in writing, for the purposes of the provision in which the term occurs.</p>
              <p>Note:	For variation and revocation, see subsection 33(3) of the <i>Acts Interpretation Act 1901</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-277">
            <num>277</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>carbon capture and storage</i></b> means:</p>
              <p>An expression used in this definition has the same meaning as in the <i>Offshore Petroleum and Greenhouse Gas Storage Act 2006</i>. For this purpose, assume that each reference in the definition of <b><i>greenhouse gas substance</i></b> in section 7 of that Act to a prescribed greenhouse gas were a reference to a greenhouse gas (within the meaning of this Act).</p>
            </content>
            <paragraph eId="schedule-1__clause-277__para-a">
              <num>a</num>
              <content>
                <p>the storage of a greenhouse gas substance in a part of a geological formation; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-277__para-b">
              <num>b</num>
              <content>
                <p>the injection of a greenhouse gas substance into a part of a geological formation for the purposes of such storage; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-277__para-c">
              <num>c</num>
              <content>
                <p>the capture, compression, processing, offloading, transportation or piped conveyance of a greenhouse gas substance, where the compression, processing, offloading, transportation or piped conveyance is for the purposes of such storage.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-278">
            <num>278</num>
            <heading>Section 7 (definition of carbon dioxide equivalence)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>carbon dioxide equivalence</i></b>:</p>
            </content>
            <paragraph eId="schedule-1__clause-278__para-a">
              <num>a</num>
              <content>
                <p>of an amount of greenhouse gas—means the amount of the gas multiplied by a value specified in the regulations in relation to that kind of greenhouse gas; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-278__para-b">
              <num>b</num>
              <content>
                <p>of an amount of potential greenhouse gas emissions embodied in an amount of natural gas—has the meaning given by <ref href="#sec-7C">section 7C</ref>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-280">
            <num>280</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>designated generation facility</i></b> means a facility that is:</p>
            </content>
            <paragraph eId="schedule-1__clause-280__para-a">
              <num>a</num>
              <content>
                <p>	(a)	attributable to the industry sector mentioned in item 54 of Schedule 2 to the <i>National Greenhouse and Energy Reporting Regulations</i><i> </i><i>2008</i> (which deals with electricity generation); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-280__para-b">
              <num>b</num>
              <content>
                <p>not a vertically integrated production process (within the meaning of those regulations).</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-281">
            <num>281</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>eligible financial year</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-282">
            <num>282</num>
            <heading>Section 7 (definition of emission)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>emission</i></b> of greenhouse gas means:</p>
            </content>
            <paragraph eId="schedule-1__clause-282__para-a">
              <num>a</num>
              <content>
                <p>a scope 1 emission of greenhouse gas; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-282__para-b">
              <num>b</num>
              <content>
                <p>a scope 2 emission of greenhouse gas.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-283">
            <num>283</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>emissions number</i></b><i> </i>has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-284">
            <num>284</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>executive officer</i></b> of a body corporate means:</p>
            </content>
            <paragraph eId="schedule-1__clause-284__para-a">
              <num>a</num>
              <content>
                <p>a director of the body corporate; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-284__para-b">
              <num>b</num>
              <content>
                <p>the chief executive officer (however described) of the body corporate; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-284__para-c">
              <num>c</num>
              <content>
                <p>the chief financial officer (however described) of the body corporate; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-284__para-d">
              <num>d</num>
              <content>
                <p><role refersTo="#secretary">the secretary</role> of the body corporate.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-285">
            <num>285</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>financial control liability transfer certificate</i></b> means a certificate issued under section 87 of the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-286">
            <num>286</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>fixed charge year</i></b><i> </i>has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-287">
            <num>287</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>foreign country</i></b><i> </i>has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-288">
            <num>288</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>foreign person</i></b> means any of the following:</p>
            </content>
            <paragraph eId="schedule-1__clause-288__para-a">
              <num>a</num>
              <content>
                <p>an individual who is not ordinarily resident in Australia;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-b">
              <num>b</num>
              <content>
                <p>a body corporate that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-i">
              <num>i</num>
              <content>
                <p>is incorporated outside Australia; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-ii">
              <num>ii</num>
              <content>
                <p>is an authority of a foreign country;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-c">
              <num>c</num>
              <content>
                <p>a corporation sole that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-i">
              <num>i</num>
              <content>
                <p>is incorporated outside Australia; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-ii">
              <num>ii</num>
              <content>
                <p>is an authority of a foreign country;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-d">
              <num>d</num>
              <content>
                <p>a body politic of a foreign country;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-288__para-e">
              <num>e</num>
              <content>
                <p>a trust, where <role refersTo="#trustee">the trustee</role>, or a majority of the trustees, are covered by any or all of the above paragraphs.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-289">
            <num>289</num>
            <heading>Section 7 (definition of greenhouse and energy audit)</heading>
            <content>
              <p>Omit “74A”, substitute “74C”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-290">
            <num>290</num>
            <heading>Section 7 (definition of greenhouse gas)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>greenhouse gas</i></b> has the meaning given by section 7A.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-291">
            <num>291</num>
            <heading>Section 7 (paragraph (b) of the definition of greenhouse gas project)</heading>
            <content>
              <p>Omit “regulations;”, substitute “regulations.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-292">
            <num>292</num>
            <heading>Section 7 (definition of greenhouse gas project)</heading>
            <content>
              <p>Omit all the words from and including “but” to the end of the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-293">
            <num>293</num>
            <heading>Section 7 (definition of group)</heading>
            <content>
              <p>Omit “subsection 8(1)”, substitute “<ref href="#sec-8">section 8</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-294">
            <num>294</num>
            <heading>Section 7 (definition of innocent passage)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-295">
            <num>295</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>interim emissions number</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-296">
            <num>296</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Joint Petroleum Development Area</i></b> has the same meaning as in the <i>Petroleum (Timor Sea Treaty) Act 2003</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-297">
            <num>297</num>
            <heading>Section 7 (definition of joint venture)</heading>
            <content>
              <p>Repeal the definition, substitute:</p>
              <p><b><i>joint venture</i></b> means an unincorporated enterprise carried on by 2 or more persons in common otherwise than in partnership.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-298">
            <num>298</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>liable entity</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-299">
            <num>299</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>local governing body</i></b> means a local governing body established by or under a law of a State or Territory.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-300">
            <num>300</num>
            <heading>Section 7 (definition of member)</heading>
            <content>
              <p>Before “has”, insert “, in relation to a group,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-301">
            <num>301</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>natural gas</i></b> has the meaning given by the regulations.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-303">
            <num>303</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>non</i></b><b><i>-</i></b><b><i>group entity</i></b> means a person who is not a member of a controlling corporation’s group.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-304">
            <num>304</num>
            <heading>Section 7 (definition of oil or gas extraction activity)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-305">
            <num>305</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>operation</i></b>, in relation to a facility, includes the subsistence of the facility.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-307">
            <num>307</num>
            <heading>Section 7 (definition of operational control)</heading>
            <content>
              <p>Omit “11”, substitute “11, 11A, 11AA, 11AB, 11B or 11C”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-308">
            <num>308</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>person</i></b> means any of the following:</p>
            </content>
            <paragraph eId="schedule-1__clause-308__para-a">
              <num>a</num>
              <content>
                <p>an individual;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-308__para-b">
              <num>b</num>
              <content>
                <p>a body corporate;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-308__para-c">
              <num>c</num>
              <content>
                <p>a trust;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-308__para-d">
              <num>d</num>
              <content>
                <p>a corporation sole;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-308__para-e">
              <num>e</num>
              <content>
                <p>a body politic;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-308__para-f">
              <num>f</num>
              <content>
                <p>a local governing body.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-309">
            <num>309</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>potential greenhouse gas emissions </i></b>embodied in an amount of natural gas has the meaning given by section 7B.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-310">
            <num>310</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>provisional emissions number</i></b><i> </i>has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-312">
            <num>312</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Register</i></b> means the National Greenhouse and Energy Register maintained under section 16.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-313">
            <num>313</num>
            <heading>Section 7 (definition of registered corporation)</heading>
            <content>
              <p>Omit “<ref href="#dvs-3">Division 3</ref> of <ref href="#part-2">Part 2</ref>”, substitute “this Act”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-314">
            <num>314</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>registered person </i></b>means a person registered under this Act.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-315">
            <num>315</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>scope 1 emission</i></b> of greenhouse gas has the meaning given by section 10.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-316">
            <num>316</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>scope 2 emission</i></b> of greenhouse gas has the meaning given by section 10.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-319">
            <num>319</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>trust</i></b> means a person in the capacity of trustee or, as the case requires, a trust estate.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-320">
            <num>320</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>trustee</i></b> has the same meaning as in the <i>Income Tax Assessment Act 1997</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-321">
            <num>321</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>trust estate</i></b> has the same meaning as in the <i>Income Tax Assessment Act 1997</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-322">
            <num>322</num>
            <heading>Section 7</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>United Nations Convention on the Law of the Sea</i></b> means the United Nations Convention on the Law of the Sea, done at Montego Bay on 10 December 1982.</p>
              <p>Note:	The text of the Convention is set out in Australian Treaty Series 1994 No. 31 ([1994] ATS 31). In 2011, the text of an international agreement in the Australian Treaty Series was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-323">
            <num>323</num>
            <heading>After section 7</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-7A">
            <num>7A</num>
            <heading>Greenhouse gas</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-7A__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this Act and the <i>Clean Energy Act 2011</i>, each of the following is a <b><i>greenhouse gas</i></b>:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-7A__para-a">
              <num>a</num>
              <content>
                <p>carbon dioxide;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7A__para-b">
              <num>b</num>
              <content>
                <p>methane;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7A__para-c">
              <num>c</num>
              <content>
                <p>nitrous oxide;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7A__para-d">
              <num>d</num>
              <content>
                <p>sulfur hexafluoride;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7A__para-e">
              <num>e</num>
              <content>
                <p>a hydrofluorocarbon of a kind specified in the table in subsection (2);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7A__para-f">
              <num>f</num>
              <content>
                <p>a perfluorocarbon of a kind specified in the table in subsection (3);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7A__para-g">
              <num>g</num>
              <content>
                <p>a prescribed gas.</p>
              </content>
            </paragraph>
            <content>
              <p>Table 1—Hydrofluorocarbons</p>
              <p>Table 2—Perfluorocarbons</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-7A__subclause-2">
              <num>2</num>
              <content>
                <p>Table 1 is as follows:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-7A__subclause-3">
              <num>3</num>
              <content>
                <p>Table 2 is as follows:</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-7B">
            <num>7B</num>
            <heading>Potential greenhouse gas emissions embodied in an amount of natural gas</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-7B__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this Act and the <i>Clean Energy Act 2011</i>, the <b><i>potential greenhouse gas emissions</i></b> embodied in an amount of natural gas is:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-7B__para-a">
              <num>a</num>
              <content>
                <p>the amount of the greenhouse gas; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-b">
              <num>b</num>
              <content>
                <p>the amounts of the greenhouse gases;</p>
              </content>
            </paragraph>
            <content>
              <p>that would be released into the atmosphere as a result of the combustion of the amount of the natural gas.</p>
              <p>Default method</p>
              <p>to be the amount of the natural gas multiplied by a value specified in the determination.</p>
              <p>Prescribed alternative method</p>
              <p>then, for the purposes of this Act and the <i>Clean Energy Act 2011</i>:</p>
              <p>Combustion</p>
              <p>Determination</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-7B__subclause-2">
              <num>2</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> may determine that the amount of greenhouse gas that would be released into the atmosphere as a result of the combustion of an amount of natural gas is taken, for the purposes of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-7B__para-a">
              <num>a</num>
              <content>
                <p>this Act (other than subsections (3) and (4) of this section); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy Act 2011</i>;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-7B__subclause-3">
              <num>3</num>
              <content>
                <p>However, if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-7B__para-a">
              <num>a</num>
              <content>
                <p>a report relating to an eligible financial year was given by a person under <ref href="#sec-22A">section 22A</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-b">
              <num>b</num>
              <content>
                <p>the report was given before the end of 4 months after the end of the eligible financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-c">
              <num>c</num>
              <content>
                <p>ascertaining the potential greenhouse gas emissions embodied in an amount of natural gas is relevant to working out a provisional emissions number of the person for the eligible financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-d">
              <num>d</num>
              <content>
                <p>the report contained a statement to the effect that the person has made a choice to use the prescribed alternative method to ascertain the potential greenhouse gas emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-e">
              <num>e</num>
              <content>
                <p>the prescribed alternative method was complied with in ascertaining the potential greenhouse gas emissions;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-f">
              <num>f</num>
              <content>
                <p>the potential greenhouse gas emissions are to be ascertained in accordance with the prescribed alternative method; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-g">
              <num>g</num>
              <content>
                <p>a determination under subsection (2) does not apply in ascertaining the potential greenhouse gas emissions.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-7B__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	For the purposes of this section, the <b><i>prescribed alternative method</i></b> is a method that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-7B__para-a">
              <num>a</num>
              <content>
                <p>is for ascertaining the potential greenhouse gas emissions embodied in an amount of natural gas; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-b">
              <num>b</num>
              <content>
                <p>is specified in a determination made by <role refersTo="#minister">the Minister</role>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7B__para-c">
              <num>c</num>
              <content>
                <p>involves testing one or more samples of the natural gas.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-7B__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	The Minister may determine that, for the purposes of this section, it is to be assumed that the <b><i>combustion</i></b> of an amount of natural gas takes place in the circumstances specified in the determination.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-7B__subclause-6">
              <num>6</num>
              <content>
                <p>A determination made under subsection (2), (4) or (5) is a legislative instrument.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-7C">
            <num>7C</num>
            <heading>Carbon dioxide equivalence of potential greenhouse gas emissions embodied in an amount of natural gas</heading>
            <content>
              <p>Scope</p>
              <p>Carbon dioxide equivalence</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-7C__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the potential greenhouse gas emissions embodied in an amount of natural gas consist of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-7C__para-a">
              <num>a</num>
              <content>
                <p>an amount of a greenhouse gas; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-7C__para-b">
              <num>b</num>
              <content>
                <p>amounts of one or more greenhouse gases.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-7C__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	For the purposes of this Act and the <i>Clean Energy Act 2011</i>, the <b><i>carbon dioxide equivalence</i></b> of the potential greenhouse gas emissions is the total of the carbon dioxide equivalence of that amount of greenhouse gas or those amounts of greenhouse gases.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-324">
            <num>324</num>
            <heading>Subsection 8(1)</heading>
            <content>
              <p>Omit “A controlling”, substitute “For the purposes of this Act and the <i>Clean Energy Act 2011</i>, a controlling”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-325">
            <num>325</num>
            <heading>Paragraph 8(1)(b)</heading>
            <content>
              <p>Omit “(if any);”, substitute “(if any).”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-326">
            <num>326</num>
            <heading>Paragraphs 8(1)(c) and (d)</heading>
            <content>
              <p>Repeal the paragraphs.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-327">
            <num>327</num>
            <heading>Subsections 8(4), (5) and (6)</heading>
            <content>
              <p>Repeal the subsections, substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-327__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	To avoid doubt, a controlling corporation’s <b><i>group</i></b> may consist of the controlling corporation alone.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-328">
            <num>328</num>
            <heading>Subsection 9(1)</heading>
            <content>
              <p>Omit “A <b><i>facility</i></b> is”, substitute “For the purposes of this Act and the <i>Clean Energy Act 2011</i>, a <b><i>facility</i></b> is”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-329">
            <num>329</num>
            <heading>Subsection 9(1)</heading>
            <content>
              <p>Omit “the production of” (first occurring).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-330">
            <num>330</num>
            <heading>Paragraph 9(1)(b)</heading>
            <content>
              <p>Omit “54;”, substitute “54 or 54A.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-331">
            <num>331</num>
            <heading>Subsection 9(1)</heading>
            <content>
              <p>Omit all the words from and including “but” to the end of the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-332">
            <num>332</num>
            <heading>Subsection 9(3)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-333">
            <num>333</num>
            <heading>Subsection 10(1)</heading>
            <content>
              <p>After “References”, insert “in this Act or the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-334">
            <num>334</num>
            <heading>Paragraph 10(1)(a)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-1__clause-334__para-a">
              <num>a</num>
              <content>
                <p>	(a)	<b><i>scope 1 emission</i></b> of greenhouse gas;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-334__para-aa">
              <num>aa</num>
              <content>
                <p>	(aa)	<b><i>scope 2 emission</i></b> of greenhouse gas;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-336">
            <num>336</num>
            <heading>Subsection 10(2)</heading>
            <content>
              <p>Omit “paragraph (1)(a) may specify a meaning of emissions”, substitute “paragraph (1)(aa) may specify a meaning of scope 2 emission”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-337">
            <num>337</num>
            <heading>Subsection 10(3)</heading>
            <content>
              <p>Omit “emissions,” (wherever occurring), substitute “scope 1 emissions, scope 2 emissions,”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-338">
            <num>338</num>
            <heading>Subsection 10(3)</heading>
            <content>
              <p>After “this Act”, insert “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-339">
            <num>339</num>
            <heading>Paragraph 10(3)(a)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
              <p>339AA  At the end of <ref href="#sec-10">section 10</ref></p>
              <p>Add:</p>
            </content>
            <paragraph eId="schedule-1__clause-339__para-a">
              <num>a</num>
              <content>
                <p>in the case of scope 1 emissions—different methods or criteria for emissions from different sources; and</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-339__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	A determination under subsection (3) may also deal with matters required or permitted by <i>Clean Energy Act 2011</i> to be dealt with by such a determination.<ref href="#sec-32">section 32</ref> or 32A of the </p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-339A">
            <num>339A</num>
            <heading>Section 11 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11">
            <num>11</num>
            <heading>Operational control—basic rule</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-340">
            <num>340</num>
            <heading>Subsection 11(1)</heading>
            <content>
              <p>Omit “A controlling corporation or another member of the corporation’s group”, substitute “For the purposes of this Act and the <i>Clean Energy Act 2011</i>, a person”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-341">
            <num>341</num>
            <heading>Paragraph 11(1)(a)</heading>
            <content>
              <p>Omit “it”, substitute “the person”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-342">
            <num>342</num>
            <heading>Paragraph 11(1)(b)</heading>
            <content>
              <p>Omit “corporation or member”, substitute “person”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-343">
            <num>343</num>
            <heading>At the end of paragraph 11(1)(b)</heading>
            <content>
              <p>Add “or 55A”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-344">
            <num>344</num>
            <heading>Subsection 11(2)</heading>
            <content>
              <p>After “apply”, insert “in relation to a facility”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-345">
            <num>345</num>
            <heading>At the end of subsection 11(2)</heading>
            <content>
              <p>Add “in relation to the facility”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-346">
            <num>346</num>
            <heading>Subsection 11(3)</heading>
            <content>
              <p>After “this Act”, insert “and the <i>Clean Energy Act 2011</i>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-347">
            <num>347</num>
            <heading>Subsection 11(3)</heading>
            <content>
              <p>Omit “such corporation or member”, substitute “person”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-348">
            <num>348</num>
            <heading>Subsection 11(4)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-348__subclause-4">
              <num>4</num>
              <content>
                <p>This section has effect subject to sections 11A, 11AA, 11AB, 11B and 11C.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-349">
            <num>349</num>
            <heading>At the end of Part 1</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11A">
            <num>11A</num>
            <heading>Operational control—person with greatest authority</heading>
            <content>
              <p>Scope</p>
              <p>Operational control</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-11A__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the following conditions are satisfied in relation to a period that is included in, or consists of, an eligible financial year:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11A__para-a">
              <num>a</num>
              <content>
                <p>2 or more persons could satisfy paragraph 11(1)(a) in relation to a facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11A__para-b">
              <num>b</num>
              <content>
                <p>a particular person has the greatest authority to introduce and implement the policies mentioned in subparagraphs 11(1)(a)(i) and (iii) in relation to the facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11A__para-c">
              <num>c</num>
              <content>
                <p>no declaration under <ref href="#sec-55">section 55</ref> or 55A applies in relation to the facility at any time during the period.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11A__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	The person mentioned in paragraph (1)(b) is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11AA">
            <num>11AA</num>
            <heading>Operational control during part of fixed charge year—nominated person</heading>
            <content>
              <p>Scope</p>
              <p>Nomination</p>
              <p>Civil penalty:	<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              <p>a foreign person cannot be nominated.</p>
              <p>Operational control—nomination made</p>
              <p>Operational control—nomination not made</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>unadjusted provisional emissions number</i></b> means the number that, apart from paragraph (8)(b), would be the provisional emissions number of the person for the fixed charge year in relation to greenhouse gases emitted from the operation of the facility during the period.</p>
              <p>Exception</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the following conditions are satisfied in relation to a period that is included in, or consists of, the first 9 months of a fixed charge year:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AA__para-a">
              <num>a</num>
              <content>
                <p>2 or more persons could satisfy paragraph 11(1)(a) in relation to a facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-b">
              <num>b</num>
              <content>
                <p>no particular person has the greatest authority to introduce and implement the policies mentioned in subparagraphs 11(1)(a)(i) and (iii) in relation to the facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-c">
              <num>c</num>
              <content>
                <p>no declaration under <ref href="#sec-55">section 55</ref> or 55A applies in relation to the facility at any time during the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-d">
              <num>d</num>
              <content>
                <p>as at the start of 1 April in the fixed charge year, it may reasonably be expected that a person would have had an interim emissions number for the fixed charge year if it were assumed that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-i">
              <num>i</num>
              <content>
                <p>the person had operational control over the facility throughout the period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-ii">
              <num>ii</num>
              <content>
                <p>none of the persons mentioned in paragraph (a) of this subsection had operational control over the facility throughout the period.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-2">
              <num>2</num>
              <content>
                <p>The persons mentioned in paragraph (1)(a) must, before the end of 30 April in the fixed charge year, jointly nominate one of them to be the nominated person in relation to the facility for the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-3">
              <num>3</num>
              <content>
                <p>A nomination must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AA__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-c">
              <num>c</num>
              <content>
                <p>be accompanied by such information as is specified in the regulations.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AA__para-a">
              <num>a</num>
              <content>
                <p>any of those persons is a foreign person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-b">
              <num>b</num>
              <content>
                <p>any of those persons is not a foreign person;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	If a nomination is made and the facility is a facility of a joint venture, the nominated person is taken, for the purposes of this Act, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-6">
              <num>6</num>
              <content>
                <p>	(6)	If a nomination is made and the facility is not a facility of a joint venture, the nominated person is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-7">
              <num>7</num>
              <content>
                <p>	(7)	If no nomination is made and the facility is a facility of a joint venture, each of the persons mentioned in paragraph (1)(a) is taken, for the purposes of this Act, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-8">
              <num>8</num>
              <content>
                <p>If no nomination is made and the facility is not a facility of a joint venture:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AA__para-a">
              <num>a</num>
              <content>
                <p>	(a)	each of the persons mentioned in paragraph (1)(a) is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-b">
              <num>b</num>
              <content>
                <p>	(b)	if there is a provisional emissions number of such a person for the fixed charge year in relation to greenhouse gases emitted from the operation of the facility during the period—for the purposes of this Act and the <i>Clean Energy Act 2011</i>, that provisional emissions number is taken to be the number worked out using the formula set out in subsection (9).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-9">
              <num>9</num>
              <content>
                <p>The formula is:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AA__subclause-10">
              <num>10</num>
              <content>
                <p>A person is not required to comply with subsection (2) if the question of who has operational control of the facility is not relevant (whether directly or indirectly) to a requirement under:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AA__para-a">
              <num>a</num>
              <content>
                <p>this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AA__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11AB">
            <num>11AB</num>
            <heading>Operational control during part of fixed charge year—trust with multiple trustees</heading>
            <content>
              <p>Scope</p>
              <p>Nomination</p>
              <p>Civil penalty:	<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              <p>a foreign person cannot be nominated.</p>
              <p>Operational control</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>unadjusted provisional emissions number</i></b> means the number that, apart from paragraph (6)(b), would be the provisional emissions number of the trustee for the fixed charge year in relation to greenhouse gases emitted from the operation of the facility during the period.</p>
              <p>Exception</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the following conditions are satisfied in relation to a period that is included in, or consists of, the first 9 months of a fixed charge year:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AB__para-a">
              <num>a</num>
              <content>
                <p>because of <ref href="#sec-11">section 11</ref>, 11A or 11AA, a trust has operational control over a facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-b">
              <num>b</num>
              <content>
                <p>throughout the period, there are 2 or more trustees of the trust;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-c">
              <num>c</num>
              <content>
                <p>no declaration under <ref href="#sec-55">section 55</ref> or 55A applies in relation to the facility at any time during the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-d">
              <num>d</num>
              <content>
                <p>as at the start of 1 April in the fixed charge year, it may reasonably be expected that a person would have had an interim emissions number for the fixed charge year if it were assumed that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-i">
              <num>i</num>
              <content>
                <p>the person had operational control over the facility throughout the period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-ii">
              <num>ii</num>
              <content>
                <p>the trust did not have operational control over the facility throughout the period.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-2">
              <num>2</num>
              <content>
                <p>The trustees must, before the end of 30 April in the fixed charge year, jointly nominate one of them to be the nominated trustee in relation to the facility for the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-3">
              <num>3</num>
              <content>
                <p>A nomination must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AB__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-c">
              <num>c</num>
              <content>
                <p>be accompanied by such information as is specified in the regulations.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AB__para-a">
              <num>a</num>
              <content>
                <p>any of those trustees is a foreign person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-b">
              <num>b</num>
              <content>
                <p>any of those trustees is not a foreign person;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	If a nomination is made, the nominated trustee is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-6">
              <num>6</num>
              <content>
                <p>If no nomination is made:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AB__para-a">
              <num>a</num>
              <content>
                <p>	(a)	each of those trustees is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-b">
              <num>b</num>
              <content>
                <p>	(b)	if there is a provisional emissions number of such a trustee for the fixed charge year in relation to greenhouse gases emitted from the operation of the facility during the period—for the purposes of this Act and the <i>Clean Energy Act 2011</i>, that provisional emissions number is taken to be the number worked out using the formula set out in subsection (7).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-7">
              <num>7</num>
              <content>
                <p>The formula is:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11AB__subclause-8">
              <num>8</num>
              <content>
                <p>A trustee is not required to comply with subsection (2) if the question of who has operational control of the facility is not relevant (whether directly or indirectly) to a requirement under:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11AB__para-a">
              <num>a</num>
              <content>
                <p>this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11AB__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11B">
            <num>11B</num>
            <heading>Operational control—nominated person</heading>
            <content>
              <p>Scope</p>
              <p>Nomination</p>
              <p>Civil penalty:	<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              <p>a foreign person cannot be nominated.</p>
              <p>Operational control—nomination made</p>
              <p>Operational control—nomination not made</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>unadjusted provisional emissions number</i></b> means the number that, apart from paragraph (8)(b), would be the provisional emissions number of the person for the eligible financial year in relation to greenhouse gases emitted from the operation of the facility during the period.</p>
              <p>Exception</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the following conditions are satisfied in relation to a period that is included in, or consists of, an eligible financial year:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11B__para-a">
              <num>a</num>
              <content>
                <p>2 or more persons could satisfy paragraph 11(1)(a) in relation to a facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-b">
              <num>b</num>
              <content>
                <p>no particular person has the greatest authority to introduce and implement the policies mentioned in subparagraphs 11(1)(a)(i) and (iii) in relation to the facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-c">
              <num>c</num>
              <content>
                <p>no declaration under <ref href="#sec-55">section 55</ref> or 55A applies in relation to the facility at any time during the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-d">
              <num>d</num>
              <content>
                <p>if the period is included in a fixed charge year—<ref href="#sec-11A">section 11A</ref>A does not apply to the facility for the period.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-2">
              <num>2</num>
              <content>
                <p>Those persons must, before the end of 31 August next following the eligible financial year, jointly nominate one of them to be the nominated person in relation to the facility for the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-3">
              <num>3</num>
              <content>
                <p>A nomination must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11B__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-c">
              <num>c</num>
              <content>
                <p>be accompanied by such information as is specified in the regulations.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11B__para-a">
              <num>a</num>
              <content>
                <p>any of those persons is a foreign person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-b">
              <num>b</num>
              <content>
                <p>any of those persons is not a foreign person;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	If a nomination is made and the facility is a facility of a joint venture, the nominated person is taken, for the purposes of this Act, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-6">
              <num>6</num>
              <content>
                <p>	(6)	If a nomination is made and the facility is not a facility of a joint venture, the nominated person is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-7">
              <num>7</num>
              <content>
                <p>	(7)	If no nomination is made and the facility is a facility of a joint venture, each of the persons mentioned in paragraph (1)(a) is taken, for the purposes of this Act, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-8">
              <num>8</num>
              <content>
                <p>If no nomination is made and the facility is not a facility of a joint venture:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11B__para-a">
              <num>a</num>
              <content>
                <p>	(a)	each of the persons mentioned in paragraph (1)(a) is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-b">
              <num>b</num>
              <content>
                <p>	(b)	if there is a provisional emissions number of such a person for the eligible financial year in relation to greenhouse gases emitted from the operation of the facility during the period—for the purposes of this Act and the <i>Clean Energy Act 2011</i>, that provisional emissions number is taken to be the number worked out using the formula set out in subsection (9).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-9">
              <num>9</num>
              <content>
                <p>The formula is:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11B__subclause-10">
              <num>10</num>
              <content>
                <p>A person is not required to comply with subsection (2) if the question of who has operational control of the facility is not relevant (whether directly or indirectly) to a requirement under:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11B__para-a">
              <num>a</num>
              <content>
                <p>this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11B__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-11C">
            <num>11C</num>
            <heading>Operational control—trust with multiple trustees</heading>
            <content>
              <p>Scope</p>
              <p>Nomination</p>
              <p>Civil penalty:	<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              <p>a foreign person cannot be nominated.</p>
              <p>Operational control</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>unadjusted provisional emissions number</i></b> means the number that, apart from paragraph (6)(b), would be the provisional emissions number of the trustee for the eligible financial year in relation to greenhouse gases emitted from the operation of the facility during the period.</p>
              <p>Exception</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the following conditions are satisfied in relation to a period that is included in, or consists of, an eligible financial year:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11C__para-a">
              <num>a</num>
              <content>
                <p>because of <ref href="#sec-11">section 11</ref>, 11A or 11B, a trust has operational control over a facility throughout the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-b">
              <num>b</num>
              <content>
                <p>throughout the period, there are 2 or more trustees of the trust;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-c">
              <num>c</num>
              <content>
                <p>no declaration under <ref href="#sec-55">section 55</ref> or 55A applies in relation to the facility at any time during the period;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-d">
              <num>d</num>
              <content>
                <p>if the period is included in a fixed charge year—<ref href="#sec-11A">section 11A</ref>B does not apply to the facility for the period.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-2">
              <num>2</num>
              <content>
                <p>Those trustees must, before the end of 31 August next following the eligible financial year, jointly nominate one of them to be the nominated trustee in relation to the facility for the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-3">
              <num>3</num>
              <content>
                <p>A nomination must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11C__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-c">
              <num>c</num>
              <content>
                <p>be accompanied by such information as is specified in the regulations.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11C__para-a">
              <num>a</num>
              <content>
                <p>any of those trustees is a foreign person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-b">
              <num>b</num>
              <content>
                <p>any of those trustees is not a foreign person;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	If a nomination is made, the nominated trustee is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-6">
              <num>6</num>
              <content>
                <p>If no nomination is made:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11C__para-a">
              <num>a</num>
              <content>
                <p>	(a)	each of those trustees is taken, for the purposes of this Act and the <i>Clean Energy Act 2011</i>, to have <b><i>operational control</i></b> over the facility throughout the period; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-b">
              <num>b</num>
              <content>
                <p>	(b)	if there is a provisional emissions number of such a trustee for the eligible financial year in relation to greenhouse gases emitted from the operation of the facility during the period—for the purposes of this Act and the <i>Clean Energy Act 2011</i>, that provisional emissions number is taken to be the number worked out using the formula set out in subsection (7).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-7">
              <num>7</num>
              <content>
                <p>The formula is:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-11C__subclause-8">
              <num>8</num>
              <content>
                <p>A trustee is not required to comply with subsection (2) if the question of who has operational control of the facility is not relevant (whether directly or indirectly) to a requirement under:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-11C__para-a">
              <num>a</num>
              <content>
                <p>this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-11C__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the <i>Clean Energy Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-350">
            <num>350</num>
            <heading>Before section 12</heading>
            <content>
              <p>Insert:</p>
              <p>Subdivision A—Application by a controlling corporation</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-351">
            <num>351</num>
            <heading>After subsection 13(1)</heading>
            <content>
              <p>Insert:</p>
              <p>unless <role refersTo="#minister">the Minister</role> has, under subsection 10(3), determined:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-351__subclause-1A">
              <num>1A</num>
              <content>
                <p>Subsection (1) does not apply in relation to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-351__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-351__para-b">
              <num>b</num>
              <content>
                <p>energy production; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-351__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-351__para-d">
              <num>d</num>
              <content>
                <p>methods by which the amounts of the emissions, production or consumption, as the case may be, are to be measured; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-351__para-e">
              <num>e</num>
              <content>
                <p>criteria for methods by which the amounts of emissions, production or consumption, as the case may be, are to be measured.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-351A">
            <num>351A</num>
            <heading>At the end of section 13</heading>
            <content>
              <p>Add:</p>
              <p>Financial control liability transfer certificate</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-351A__subclause-4">
              <num>4</num>
              <content>
                <p>For the purposes of this section, if a person was the holder of a financial control liability transfer certificate in relation to a facility on a particular day in an eligible financial year, the facility is taken not to have been under the operational control of a member of a controlling corporation’s group on that day.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-352">
            <num>352</num>
            <heading>At the end of Division 1 of Part 2</heading>
            <content>
              <p>Add:</p>
              <p>Subdivision B—Application by a liable entity</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-15A">
            <num>15A</num>
            <heading>Application by a liable entity</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-15A__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	If a person is or was a liable entity for an eligible financial year (the <b><i>current eligible financial year</i></b>), the person must apply, in accordance with this section, to be registered under this Act.</p>
              </content>
            </hcontainer>
            <content>
              <p>Civil penalty:</p>
              <p>Note 1:	Under <i>Criminal Code</i>, it may be an offence to provide false or misleading information or documents to the Regulator in purported compliance with this Act.<ref href="#dvs-13">Division 13</ref>7 of the </p>
              <p>Note 2:	Under <ref href="#sec-30">section 30</ref>, a person may be liable for an additional civil penalty for each day that the person fails to apply in accordance with subsection (1) of this section.</p>
            </content>
            <paragraph eId="schedule-1__clause-15A__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15A__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-15A__subclause-2">
              <num>2</num>
              <content>
                <p>However, a person is not required to make an application under subsection (1) if the person is registered under this Act at the end of the current eligible financial year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-15A__subclause-3">
              <num>3</num>
              <content>
                <p>An application under subsection (1) must be made by 31 August in the eligible financial year next following the current eligible financial year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-15A__subclause-4">
              <num>4</num>
              <content>
                <p>An application under subsection (1) must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-15A__para-a">
              <num>a</num>
              <content>
                <p>be made to the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15A__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15A__para-c">
              <num>c</num>
              <content>
                <p>set out the information specified by the regulations for the purposes of this paragraph.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-15AA">
            <num>15AA</num>
            <heading>Application by liable entity with interim emissions number etc.—fixed charge year</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-15AA__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	If, as at the start of 1 April in a fixed charge year (the <b><i>current fixed charge year</i></b>):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-15AA__para-a">
              <num>a</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-i">
              <num>i</num>
              <content>
                <p>	(i)	a person is a liable entity for the current fixed charge<b><i> </i></b>year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-ii">
              <num>ii</num>
              <content>
                <p>it may reasonably be expected that the person will be a liable entity for the current fixed charge year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-b">
              <num>b</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-i">
              <num>i</num>
              <content>
                <p>the person has an interim emissions number for the current fixed charge year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-ii">
              <num>ii</num>
              <content>
                <p>it may reasonably be expected that the person will have an interim emissions number for the current fixed charge year;</p>
              </content>
            </paragraph>
            <content>
              <p>the person must apply, in accordance with this section, to be registered under this Act.</p>
              <p>Civil penalty:</p>
              <p>Note 1:	Under <i>Criminal Code</i>, it may be an offence to provide false or misleading information or documents to the Regulator in purported compliance with this Act.<ref href="#dvs-13">Division 13</ref>7 of the </p>
              <p>Note 2:	Under <ref href="#sec-30">section 30</ref>, a person may be liable for an additional civil penalty for each day that the person fails to apply in accordance with subsection (1) of this section.</p>
            </content>
            <paragraph eId="schedule-1__clause-15AA__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-15AA__subclause-2">
              <num>2</num>
              <content>
                <p>However, a person is not required to make an application under subsection (1) if the person is registered under this Act at the start of 1 April in the current fixed charge year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-15AA__subclause-3">
              <num>3</num>
              <content>
                <p>An application under subsection (1) must be made by 1 May in the current fixed charge year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-15AA__subclause-4">
              <num>4</num>
              <content>
                <p>An application under subsection (1) must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-15AA__para-a">
              <num>a</num>
              <content>
                <p>be made to the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-15AA__para-c">
              <num>c</num>
              <content>
                <p>set out the information specified by the regulations for the purposes of this paragraph.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-353">
            <num>353</num>
            <heading>Division 2 of Part 2</heading>
            <content>
              <p>Repeal the Division, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-16">
            <num>16</num>
            <heading>National Greenhouse and Energy Register</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-16__subclause-1">
              <num>1</num>
              <content>
                <p>The Regulator is to maintain a register, to be known as the National Greenhouse and Energy Register, that sets out:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-16__para-a">
              <num>a</num>
              <content>
                <p>the name of each person registered under this Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-16__para-b">
              <num>b</num>
              <content>
                <p>any other matters, specified in the regulations, that relate to the following:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-16__para-i">
              <num>i</num>
              <content>
                <p>information included in the application for registration;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-16__para-ii">
              <num>ii</num>
              <content>
                <p>whether the person has complied with provisions of this Act;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-16__para-iii">
              <num>iii</num>
              <content>
                <p>information included in a report given by the person under this Act;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-16__para-iv">
              <num>iv</num>
              <content>
                <p>information that is published under <ref href="#sec-24">section 24</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-16__para-v">
              <num>v</num>
              <content>
                <p>the results of a greenhouse and energy audit carried out in relation to the person.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-16__subclause-2">
              <num>2</num>
              <content>
                <p>The National Greenhouse and Energy Register may be maintained by electronic means.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-16__subclause-3">
              <num>3</num>
              <content>
                <p>The National Greenhouse and Energy Register may be made available for inspection in any way the Regulator thinks appropriate.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-16__subclause-4">
              <num>4</num>
              <content>
                <p>The Regulator must ensure that the National Greenhouse and Energy Register is up-to-date.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-16__subclause-5">
              <num>5</num>
              <content>
                <p>The National Greenhouse and Energy Register is not a legislative instrument.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-16__subclause-6">
              <num>6</num>
              <content>
                <p>Before the end of 28 February next following each financial year, the Regulator must publish on its website the name of each person registered under this Act at any time during the financial year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-16__subclause-7">
              <num>7</num>
              <content>
                <p>Subsection (6) does not limit subsection (3).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-354">
            <num>354</num>
            <heading>Division 3 of Part 2 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-355">
            <num>355</num>
            <heading>Section 18</heading>
            <content>
              <p>Repeal the section.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-356">
            <num>356</num>
            <heading>At the end of Part 2</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-18A">
            <num>18A</num>
            <heading>Registration of other persons</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-18A__subclause-1">
              <num>1</num>
              <content>
                <p>The Regulator must register a person under this Act if the person has applied for registration under <ref href="#sec-15A">section 15A</ref> or 15AA.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-18A__subclause-2">
              <num>2</num>
              <content>
                <p>The Regulator must notify the person, in writing, of the Regulator’s decision on the application.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-18A__subclause-3">
              <num>3</num>
              <content>
                <p>The person is registered under this Act when the Regulator has entered the name of the person on the Register.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-18B">
            <num>18B</num>
            <heading>Deregistration</heading>
            <content>
              <p>Deregistration on application</p>
              <p>Deregistration on the Regulator’s own initiative</p>
              <p>When registration ceases</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-18B__subclause-1">
              <num>1</num>
              <content>
                <p>A registered person may apply to the Regulator to be deregistered.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-18B__subclause-2">
              <num>2</num>
              <content>
                <p>An application must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-18B__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-c">
              <num>c</num>
              <content>
                <p>set out such information as is specified in the regulations.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-18B__subclause-3">
              <num>3</num>
              <content>
                <p>The Regulator must remove the person’s name from the Register if the Regulator is satisfied that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-18B__para-a">
              <num>a</num>
              <content>
                <p>in a case where the person is the controlling corporation of a group—the group is not likely to meet any of the thresholds under <ref href="#sec-13">section 13</ref> for:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-i">
              <num>i</num>
              <content>
                <p>the financial year in which the application is made; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-ii">
              <num>ii</num>
              <content>
                <p>the next 2 financial years; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-b">
              <num>b</num>
              <content>
                <p>the person:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-i">
              <num>i</num>
              <content>
                <p>is not a liable entity for the financial year in which the application is made; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-ii">
              <num>ii</num>
              <content>
                <p>is not likely to be a liable entity for any of the next 2 financial years; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-c">
              <num>c</num>
              <content>
                <p>the person does not hold a reporting transfer certificate; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-18B__para-d">
              <num>d</num>
              <content>
                <p>the person has complied with the person’s obligations under this Act.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-18B__subclause-4">
              <num>4</num>
              <content>
                <p>The Regulator must notify the person, in writing, of the Regulator’s decision on the application.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-18B__subclause-5">
              <num>5</num>
              <content>
                <p>The Regulator may remove a person’s name from the Register if the Regulator is satisfied that the person has ceased to exist.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-18B__subclause-6">
              <num>6</num>
              <content>
                <p>A person ceases to be registered under this Act when the Regulator has removed the person’s name from the Register.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-357">
            <num>357</num>
            <heading>Part 3 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-358">
            <num>358</num>
            <heading>Subsection 19(1)</heading>
            <content>
              <p>Omit “registered corporation”, substitute “corporation registered under <ref href="#dvs-3">Division 3</ref> of <ref href="#part-2">Part 2</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-359">
            <num>359</num>
            <heading>At the end of subsection 19(1)</heading>
            <content>
              <p>Add:</p>
              <p>Note 4:	Reports under this section and <ref href="#sec-22A">section 22A</ref> may be set out in the same document—see subsection 22A(4).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-360">
            <num>360</num>
            <heading>After subsection 19(1)</heading>
            <content>
              <p>Insert:</p>
              <p>unless <role refersTo="#minister">the Minister</role> has, under subsection 10(3), determined:</p>
              <p>Note:	Paragraph (6)(b) requires that a report under subsection (1) must be based on methods, or methods which meet criteria, determined under subsection 10(3).</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-360__subclause-1A">
              <num>1A</num>
              <content>
                <p>Subsection (1) does not apply to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-360__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-360__para-b">
              <num>b</num>
              <content>
                <p>energy production; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-360__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-360__para-d">
              <num>d</num>
              <content>
                <p>methods by which the amounts of the emissions, production or consumption, as the case may be, are to be measured; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-360__para-e">
              <num>e</num>
              <content>
                <p>criteria for methods by which the amounts of emissions, production or consumption, as the case may be, are to be measured.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-361">
            <num>361</num>
            <heading>Subsections 19(4) and (5)</heading>
            <content>
              <p>Repeal the subsections, substitute:</p>
              <p>from the operation of the facility during the whole, or the part, as the case may be, of the eligible financial year.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-361__subclause-4">
              <num>4</num>
              <content>
                <p>If a person other than the corporation is the holder of a financial control liability transfer certificate in relation to a facility throughout the whole or a part of an eligible financial year, a report under subsection (1) need not relate to the:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-361__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-361__para-b">
              <num>b</num>
              <content>
                <p>energy production; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-361__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-362">
            <num>362</num>
            <heading>Paragraph 19(6)(c)</heading>
            <content>
              <p>Omit “include any”, substitute “set out the”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-363">
            <num>363</num>
            <heading>At the end of section 19</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-363__subclause-10">
              <num>10</num>
              <content>
                <p>This section does not apply to a facility that was under the operational control of a member of the corporation’s group during the whole or a part of a financial year if the member is required to provide a report under <ref href="#sec-22X">section 22X</ref> about the facility in respect of the year.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-364">
            <num>364</num>
            <heading>Paragraphs 22(1)(a) and (b)</heading>
            <content>
              <p>After “this Act”, insert “(other than <ref href="#part-3A">Part 3A</ref> or 3D)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-365">
            <num>365</num>
            <heading>Paragraphs 22(2)(a) and (b)</heading>
            <content>
              <p>After “this Act”, insert “(other than <ref href="#part-3A">Part 3A</ref> or 3D)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-366">
            <num>366</num>
            <heading>Subsection 22(3)</heading>
            <content>
              <p>Omit “7 years”, substitute “5 years”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-367">
            <num>367</num>
            <heading>After Part 3</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22A">
            <num>22A</num>
            <heading>Report to be given to Regulator—general</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-22A__subclause-1">
              <num>1</num>
              <content>
                <p>If a person was a liable entity for an eligible financial year, the person must, in accordance with this section, provide a report to the Regulator relating to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22A__para-a">
              <num>a</num>
              <content>
                <p>the calculation of the person’s provisional emissions numbers for the eligible financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22A__para-b">
              <num>b</num>
              <content>
                <p>if a provisional emissions number of the person for the eligible financial year is attributable to scope 1 emissions of greenhouse gas—those emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22A__para-c">
              <num>c</num>
              <content>
                <p>if a provisional emissions number of the person for the eligible financial year is attributable to potential greenhouse gas emissions embodied in an amount of natural gas—those potential greenhouse gas emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22A__para-d">
              <num>d</num>
              <content>
                <p>the calculation of the person’s emissions number for the eligible financial year.</p>
              </content>
            </paragraph>
            <content>
              <p>Civil penalty:</p>
              <p>Note 1:	Under <i>Criminal Code</i>, it may be an offence to provide false or misleading information or documents to the Regulator in purported compliance with this Act.<ref href="#dvs-13">Division 13</ref>7 of the </p>
              <p>Note 2:	Under <ref href="#sec-30">section 30</ref>, a person may be liable for an additional civil penalty for each day after the end of the period mentioned in paragraph (2)(c) of this section for which the person fails to provide a report in accordance with this section.</p>
              <p>Note:	Reports under this section and <ref href="#sec-22E">section 22E</ref> may be set out in the same document—see subsection 22E(7).</p>
            </content>
            <paragraph eId="schedule-1__clause-22A__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22A__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22A__subclause-2">
              <num>2</num>
              <content>
                <p>A report under this section must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22A__para-a">
              <num>a</num>
              <content>
                <p>be given in a manner and form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22A__para-b">
              <num>b</num>
              <content>
                <p>set out the information specified by the regulations for the purposes of this paragraph; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22A__para-c">
              <num>c</num>
              <content>
                <p>be given to the Regulator before the end of 4 months after the end of the eligible financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22A__subclause-3">
              <num>3</num>
              <content>
                <p>Regulations made for the purposes of paragraph (2)(b) may specify different requirements for different circumstances.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22A__subclause-4">
              <num>4</num>
              <content>
                <p>Reports under this section and <ref href="#sec-19">section 19</ref> may be set out in the same document.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22AA">
            <num>22AA</num>
            <heading>Report to be given to Regulator—fixed charge year</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-22AA__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22AA__para-a">
              <num>a</num>
              <content>
                <p>a person is a liable entity for a fixed charge year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22AA__para-b">
              <num>b</num>
              <content>
                <p>the person has an interim emissions number for the fixed charge year;</p>
              </content>
            </paragraph>
            <content>
              <p>the person must, in accordance with this section, provide a report to the Regulator relating to:</p>
              <p>Civil penalty:</p>
              <p>Note 1:	Under <i>Criminal Code</i>, it may be an offence to provide false or misleading information or documents to the Regulator in purported compliance with this Act.<ref href="#dvs-13">Division 13</ref>7 of the </p>
              <p>Note 2:	Under <ref href="#sec-30">section 30</ref>, a person may be liable for an additional civil penalty for each day after the end of the period mentioned in paragraph (2)(c) of this section for which the person fails to provide a report in accordance with this section.</p>
            </content>
            <paragraph eId="schedule-1__clause-22AA__para-c">
              <num>c</num>
              <content>
                <p>the calculation of the person’s interim emissions numbers for the fixed charge year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22AA__para-d">
              <num>d</num>
              <content>
                <p>if an interim emissions number of the person for the fixed charge year is attributable to scope 1 emissions of greenhouse gas—those emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22AA__para-e">
              <num>e</num>
              <content>
                <p>if an interim emissions number of the person for the fixed charge year is attributable to potential greenhouse gas emissions embodied in an amount of natural gas—those potential greenhouse gas emissions.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22AA__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22AA__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22AA__subclause-2">
              <num>2</num>
              <content>
                <p>A report under this section must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22AA__para-a">
              <num>a</num>
              <content>
                <p>be given in a manner and form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22AA__para-b">
              <num>b</num>
              <content>
                <p>set out the information specified by the regulations for the purposes of this paragraph; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22AA__para-c">
              <num>c</num>
              <content>
                <p>be given to the Regulator before the end of 15 June in the eligible financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22AA__subclause-3">
              <num>3</num>
              <content>
                <p>Regulations made for the purposes of paragraph (2)(b) may specify different requirements for different circumstances.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22B">
            <num>22B</num>
            <heading>Records to be kept—general</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-22B__subclause-1">
              <num>1</num>
              <content>
                <p>A person who is or was a liable entity for an eligible financial year must keep records of the person’s activities that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22B__para-a">
              <num>a</num>
              <content>
                <p>allow the person to report accurately under <ref href="#sec-22A">section 22A</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22B__para-b">
              <num>b</num>
              <content>
                <p>enable the Regulator to ascertain whether the person has complied with the person’s obligations under <ref href="#sec-22A">section 22A</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22B__para-c">
              <num>c</num>
              <content>
                <p>comply with the requirements of subsection (2) and the regulations made for the purposes of subsection (3).</p>
              </content>
            </paragraph>
            <content>
              <p>Civil penalty:</p>
              <p>that must be kept under subsection (1).</p>
            </content>
            <paragraph eId="schedule-1__clause-22B__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22B__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22B__subclause-2">
              <num>2</num>
              <content>
                <p>The person must retain the records for 5 years from the end of the financial year in which the activities take place.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22B__subclause-3">
              <num>3</num>
              <content>
                <p>The regulations may specify requirements relating to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22B__para-a">
              <num>a</num>
              <content>
                <p>the kinds of records; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22B__para-b">
              <num>b</num>
              <content>
                <p>the form of records;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22C">
            <num>22C</num>
            <heading>Records to be kept—fixed charge year</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-22C__subclause-1">
              <num>1</num>
              <content>
                <p>A person who is or was a liable entity for a fixed charge year must keep records of the person’s activities that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22C__para-a">
              <num>a</num>
              <content>
                <p>allow the person to report accurately under <ref href="#sec-22A">section 22A</ref>A; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22C__para-b">
              <num>b</num>
              <content>
                <p>enable the Regulator to ascertain whether the person has complied with the person’s obligations under <ref href="#sec-22A">section 22A</ref>A; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22C__para-c">
              <num>c</num>
              <content>
                <p>comply with the requirements of subsection (2) and the regulations made for the purposes of subsection (3).</p>
              </content>
            </paragraph>
            <content>
              <p>Civil penalty:</p>
              <p>that must be kept under subsection (1).</p>
            </content>
            <paragraph eId="schedule-1__clause-22C__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22C__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22C__subclause-2">
              <num>2</num>
              <content>
                <p>The person must retain the records for 5 years from the end of the fixed charge year in which the activities take place.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22C__subclause-3">
              <num>3</num>
              <content>
                <p>The regulations may specify requirements relating to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22C__para-a">
              <num>a</num>
              <content>
                <p>the kinds of records; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22C__para-b">
              <num>b</num>
              <content>
                <p>the form of records;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22E">
            <num>22E</num>
            <heading>Report to be given to Regulator</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-22E__subclause-1">
              <num>1</num>
              <content>
                <p>If a person was the holder of a financial control liability transfer certificate in relation to a facility during the whole or a part of an eligible financial year, the person must, in accordance with this section, provide a report to the Regulator relating to the:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22E__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-b">
              <num>b</num>
              <content>
                <p>energy production; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
            <content>
              <p>from the operation of the facility during the whole, or the part, as the case may be, of that eligible financial year.</p>
              <p>Civil penalty:</p>
              <p>Note 1:	Under <i>Criminal Code</i>, it may be an offence to provide false or misleading information or documents to the Regulator in purported compliance with this Act.<ref href="#dvs-13">Division 13</ref>7 of the </p>
              <p>Note 2:	Under <ref href="#sec-30">section 30</ref>, a person may be liable for an additional civil penalty for each day after the end of the period mentioned in paragraph (2)(d) for which the person fails to provide a report in accordance with this section.</p>
              <p>where the use of those methods satisfies any conditions specified in the determination under that subsection; and</p>
              <p>for an eligible financial year to which a report relates.</p>
            </content>
            <paragraph eId="schedule-1__clause-22E__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22E__subclause-2">
              <num>2</num>
              <content>
                <p>A report under this section must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22E__para-a">
              <num>a</num>
              <content>
                <p>be given in a manner and form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-b">
              <num>b</num>
              <content>
                <p>be based on:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-i">
              <num>i</num>
              <content>
                <p>methods determined by <role refersTo="#minister">the Minister</role> under subsection 10(3); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-ii">
              <num>ii</num>
              <content>
                <p>methods which meet criteria determined by <role refersTo="#minister">the Minister</role> under that subsection;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-c">
              <num>c</num>
              <content>
                <p>set out the information specified by the regulations for the purposes of this paragraph; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-d">
              <num>d</num>
              <content>
                <p>be given to the Regulator before the end of 4 months after the end of the eligible financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22E__subclause-3">
              <num>3</num>
              <content>
                <p>Regulations made for the purposes of paragraph (2)(c) may specify different requirements for different circumstances.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22E__subclause-4">
              <num>4</num>
              <content>
                <p>In particular, and without limiting subsection (3), the regulations may specify different requirements for persons who:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22E__para-a">
              <num>a</num>
              <content>
                <p>do not meet any threshold; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22E__para-b">
              <num>b</num>
              <content>
                <p>do not meet specified thresholds;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22E__subclause-5">
              <num>5</num>
              <content>
                <p>Regulations made for the purposes of paragraph (2)(c) may also specify information that a State or Territory has requested the Regulator to collect.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22E__subclause-6">
              <num>6</num>
              <content>
                <p>The regulations may provide that a person is not required to provide a report under subsection (1) for an eligible financial year in relation to a facility if the facility does not meet a specified threshold for the eligible financial year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22E__subclause-7">
              <num>7</num>
              <content>
                <p>Reports under this section and <ref href="#sec-22A">section 22A</ref> may be set out in the same document.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22F">
            <num>22F</num>
            <heading>Records to be kept</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-22F__subclause-1">
              <num>1</num>
              <content>
                <p>A person who is or was required to provide a report under <ref href="#sec-22E">section 22E</ref> for an eligible financial year must keep records of the person’s activities that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22F__para-a">
              <num>a</num>
              <content>
                <p>allow the person to report accurately under <ref href="#sec-22E">section 22E</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22F__para-b">
              <num>b</num>
              <content>
                <p>enable the Regulator to ascertain whether the person has complied with the person’s obligations under <ref href="#sec-22E">section 22E</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22F__para-c">
              <num>c</num>
              <content>
                <p>comply with the requirements of subsection (2) and the regulations made for the purposes of subsection (3).</p>
              </content>
            </paragraph>
            <content>
              <p>Civil penalty:</p>
              <p>that must be kept under subsection (1).</p>
            </content>
            <paragraph eId="schedule-1__clause-22F__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22F__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22F__subclause-2">
              <num>2</num>
              <content>
                <p>The person must retain the records for 5 years from the end of the financial year in which the activities take place.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22F__subclause-3">
              <num>3</num>
              <content>
                <p>The regulations may specify requirements relating to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22F__para-a">
              <num>a</num>
              <content>
                <p>the kinds of records; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22F__para-b">
              <num>b</num>
              <content>
                <p>the form of records;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-368">
            <num>368</num>
            <heading>After subsection 22G(1)</heading>
            <content>
              <p>Insert:</p>
              <p>unless <role refersTo="#minister">the Minister</role> has, under subsection 10(3), determined:</p>
              <p>Note:	Paragraph (2)(b) requires that a report under this section must be based on methods, or methods which meet criteria, determined under subsection 10(3).</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-368__subclause-1A">
              <num>1A</num>
              <content>
                <p>Subsection (1) does not apply to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-368__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-368__para-b">
              <num>b</num>
              <content>
                <p>energy production; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-368__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-368__para-d">
              <num>d</num>
              <content>
                <p>methods by which the amounts of the emissions, production or consumption, as the case may be, are to be measured; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-368__para-e">
              <num>e</num>
              <content>
                <p>criteria for methods by which the amounts of emissions, production or consumption, as the case may be, are to be measured.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-368A">
            <num>368A</num>
            <heading>Subsection 22H(2)</heading>
            <content>
              <p>Omit “7 years”, substitute “5 years”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-369">
            <num>369</num>
            <heading>After Part 3E</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22X">
            <num>22X</num>
            <heading>Reporting obligations transferred to member of corporate group</heading>
            <content>
              <p>Scope</p>
              <p>Obligation to report</p>
              <p>from the operation of the facility during the whole, or the part, as the case may be, of the financial year.</p>
              <p>Civil penalty:	<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>.</p>
              <p>Note 1:	Under <i>Criminal Code</i>, it may be an offence to provide false or misleading information or documents to the Regulator in purported compliance with this Act.<ref href="#dvs-13">Division 13</ref>7 of the </p>
              <p>Note 2:	Under <ref href="#sec-30">section 30</ref>, a responsible member may be liable for an additional civil penalty for each day after the end of the period mentioned in paragraph (4)(d) for which the responsible member fails to provide a report in accordance with this section.</p>
              <p>unless <role refersTo="#minister">the Minister</role> has, under subsection 10(3), determined:</p>
              <p>Note:	Paragraph (4)(b) requires that a report under this section must be based on methods, or methods which meet criteria, determined under subsection 10(3).</p>
              <p>where the use of those methods satisfies any conditions specified in the determination under that subsection; and</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-22X__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22X__para-a">
              <num>a</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-i">
              <num>i</num>
              <content>
                <p>	(i)	a facility is under the operational control of a member (the <b><i>responsible member</i></b>) of a controlling corporation’s group during the whole or a part of a financial year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	during the whole or a part of a financial year, a member (the <b><i>responsible member</i></b>) of a controlling corporation’s group is the holder of a liability transfer certificate that was issued under section 83 of the <i>Clean Energy Act 2011</i> in relation to a facility; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-b">
              <num>b</num>
              <content>
                <p>the controlling corporation and the responsible member have agreed to transfer reporting obligations for the facility to the responsible member; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-c">
              <num>c</num>
              <content>
                <p>before the end of the financial year, the controlling corporation and the responsible member have jointly notified the Regulator, in writing, of:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-i">
              <num>i</num>
              <content>
                <p>the agreement; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-ii">
              <num>ii</num>
              <content>
                <p>the facility to which the agreement relates.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22X__subclause-2">
              <num>2</num>
              <content>
                <p>The responsible member must, in accordance with this section and in respect of the financial year, provide a report to the Regulator relating to the:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22X__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-b">
              <num>b</num>
              <content>
                <p>energy production; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22X__subclause-3">
              <num>3</num>
              <content>
                <p>Subsection (1) does not apply to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22X__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-b">
              <num>b</num>
              <content>
                <p>energy production; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-d">
              <num>d</num>
              <content>
                <p>methods by which the amounts of the emissions, production or consumption, as the case may be, are to be measured; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-e">
              <num>e</num>
              <content>
                <p>criteria for methods by which the amounts of emissions, production or consumption, as the case may be, are to be measured.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22X__subclause-4">
              <num>4</num>
              <content>
                <p>A report under this section must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22X__para-a">
              <num>a</num>
              <content>
                <p>be given in a manner and form approved by the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-b">
              <num>b</num>
              <content>
                <p>be based on:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-i">
              <num>i</num>
              <content>
                <p>methods determined by <role refersTo="#minister">the Minister</role> under subsection 10(3); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-ii">
              <num>ii</num>
              <content>
                <p>methods which meet criteria determined by <role refersTo="#minister">the Minister</role> under that subsection;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-c">
              <num>c</num>
              <content>
                <p>include any information specified by the regulations for the purposes of this paragraph; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22X__para-d">
              <num>d</num>
              <content>
                <p>be given to the Regulator before the end of 4 months after the end of each financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-22X__subclause-5">
              <num>5</num>
              <content>
                <p>Regulations made for the purposes of paragraph (4)(c) may specify different requirements for different circumstances.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22X__subclause-6">
              <num>6</num>
              <content>
                <p>Regulations made for the purposes of paragraph (4)(c) may also specify information that a State or Territory has requested the Regulator to collect.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-22XA">
            <num>22XA</num>
            <heading>Records to be kept</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-22XA__subclause-1">
              <num>1</num>
              <content>
                <p>A person who is or was required to provide a report under <ref href="#sec-22X">section 22X</ref> for a financial year must keep records of the person’s activities that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22XA__para-a">
              <num>a</num>
              <content>
                <p>allow the person to report accurately under <ref href="#sec-22X">section 22X</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22XA__para-b">
              <num>b</num>
              <content>
                <p>enable the Regulator to ascertain whether the person has complied with the person’s obligations under <ref href="#sec-22X">section 22X</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22XA__para-c">
              <num>c</num>
              <content>
                <p>comply with the requirements of subsection (2) and the regulations made for the purposes of subsection (3).</p>
              </content>
            </paragraph>
            <content>
              <p>Civil penalty:	<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              <p>that must be kept under subsection (1).</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-22XA__subclause-2">
              <num>2</num>
              <content>
                <p>The person must retain the records for 5 years from the end of the financial year in which the activities take place.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-22XA__subclause-3">
              <num>3</num>
              <content>
                <p>The regulations may specify requirements relating to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-22XA__para-a">
              <num>a</num>
              <content>
                <p>the kinds of records; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-22XA__para-b">
              <num>b</num>
              <content>
                <p>the form of records;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-370">
            <num>370</num>
            <heading>Subsection 23(1) (penalty)</heading>
            <content>
              <p>Repeal the penalty, substitute:</p>
              <p>Penalty:	<quantity refersTo="#custodialSentence">Imprisonment for 2 years</quantity> or <quantity refersTo="#penaltyUnit">120 penalty units</quantity>, or both.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-371">
            <num>371</num>
            <heading>Subsections 24(1) and (1A)</heading>
            <content>
              <p>Repeal the subsections (not including the heading), substitute:</p>
              <p>reported under <ref href="#part-3">Part 3</ref> or 3F in relation to the corporation’s group for the previous financial year; and</p>
              <p>reported under <ref href="#part-3">Part 3</ref> or 3F in relation to the corporation’s group for the previous financial year; and</p>
              <p>This subsection is subject to subsection 25(3).</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-371__subclause-1">
              <num>1</num>
              <content>
                <p>The Regulator must, by 28 February in a financial year, publish the following on its website in relation to a registered corporation’s group:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-371__para-a">
              <num>a</num>
              <content>
                <p>totals of greenhouse gas emissions that are scope 1 emissions reported under <ref href="#part-3">Part 3</ref> or 3F in relation to the corporation’s group for the previous financial year;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-b">
              <num>b</num>
              <content>
                <p>totals of greenhouse gas emissions that are scope 2 emissions reported under <ref href="#part-3">Part 3</ref> or 3F in relation to the corporation’s group for the previous financial year;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-c">
              <num>c</num>
              <content>
                <p>the totals of energy consumption for the corporation’s group:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-i">
              <num>i</num>
              <content>
                <p>reported under <ref href="#part-3">Part 3</ref> or 3F in relation to the corporation’s group for the previous financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-ii">
              <num>ii</num>
              <content>
                <p>adjusted in accordance with the regulations.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-371__subclause-1A">
              <num>1A</num>
              <content>
                <p>In addition to publishing information for the corporation’s group in accordance with subsection (1), the Regulator may also publish on its website:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-371__para-a">
              <num>a</num>
              <content>
                <p>totals of greenhouse gas emissions that are scope 1 emissions for:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-i">
              <num>i</num>
              <content>
                <p>each member of the corporation’s group; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-ii">
              <num>ii</num>
              <content>
                <p>each business unit in relation to the corporation’s group;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-b">
              <num>b</num>
              <content>
                <p>totals of greenhouse gas emissions that are scope 2 emissions for:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-i">
              <num>i</num>
              <content>
                <p>each member of the corporation’s group; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-ii">
              <num>ii</num>
              <content>
                <p>each business unit in relation to the corporation’s group;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-c">
              <num>c</num>
              <content>
                <p>the totals of energy consumption for each member of the corporation’s group, or each business unit in relation to the corporation’s group:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-i">
              <num>i</num>
              <content>
                <p>reported under <ref href="#part-3">Part 3</ref> or 3F in relation to the corporation’s group for the previous financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-ii">
              <num>ii</num>
              <content>
                <p>adjusted in accordance with the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-d">
              <num>d</num>
              <content>
                <p>the methods mentioned in paragraph 19(6)(b) or 22X(4)(b) that were used to measure:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-i">
              <num>i</num>
              <content>
                <p>the totals for the corporation’s group referred to in paragraphs (1)(a) and (b); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-ii">
              <num>ii</num>
              <content>
                <p>the totals of energy consumption reported under <ref href="#part-3">Part 3</ref> or 3F in relation to the corporation’s group for the previous financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-371__para-e">
              <num>e</num>
              <content>
                <p>the rating given to each of those methods under the determination under subsection 10(3).</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-375">
            <num>375</num>
            <heading>After subsection 24(1A)</heading>
            <content>
              <p>Insert:</p>
              <p>(1AA)	If a person gives the Regulator a report under <ref href="#sec-22A">section 22A</ref> in relation to an eligible financial year, the Regulator must publish on its website, by 28 February next following the eligible financial year:</p>
            </content>
            <paragraph eId="schedule-1__clause-375__para-a">
              <num>a</num>
              <content>
                <p>the total of the numbers specified in the report as the person’s provisional emissions numbers for the eligible financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-375__para-b">
              <num>b</num>
              <content>
                <p>if any of those provisional emissions numbers are attributable to scope 1 emissions of greenhouse gas—the total of those provisional emissions numbers; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-375__para-c">
              <num>c</num>
              <content>
                <p>if any of those provisional emissions numbers are attributable to potential greenhouse gas emissions embodied in an amount of natural gas—the total of those provisional emissions numbers.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-375A">
            <num>375A</num>
            <heading>Subsection 24(1AD)</heading>
            <content>
              <p>Omit “a corporation”, substitute “a person”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-375B">
            <num>375B</num>
            <heading>Subsection 24(1AD)</heading>
            <content>
              <p>After “section”, insert “22E or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-376">
            <num>376</num>
            <heading>Subsection 24(1AD)</heading>
            <content>
              <p>Omit “a website”, substitute “its website”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-377">
            <num>377</num>
            <heading>Subsection 24(1AE)</heading>
            <content>
              <p>Omit “the website”, substitute “its website”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-377A">
            <num>377A</num>
            <heading>Paragraph 24(1AE)(a)</heading>
            <content>
              <p>After “paragraph”, insert “22E(2)(b) or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-378">
            <num>378</num>
            <heading>After subsection 24(1AE)</heading>
            <content>
              <p>Insert:</p>
              <p>(1AF)	If the amount of greenhouse gas emitted, and the amount of energy produced, from the operation of a designated generation facility during a financial year is set out in a report under this Act for the financial year, the Regulator must publish those amounts on its website by 28 February next following the financial year.</p>
              <p>(1AG)	If the amounts of greenhouse gases emitted from the operation of 2 or more designated generation facilities during a financial year are set out in a report under this Act for the financial year, the Regulator must publish the total of those amounts on its website by 28 February next following the financial year.</p>
              <p>(1AH)	If the amounts of energy produced from the operation of 2 or more designated generation facilities during a financial year are set out in a report under this Act for the financial year, the Regulator must publish the total of those amounts on its website by 28 February next following the financial year.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-379">
            <num>379</num>
            <heading>Subsection 24(1C)</heading>
            <content>
              <p>Omit “a website the fact that the totals”, substitute “its website the fact that the totals or adjusted totals”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-379A">
            <num>379A</num>
            <heading>Subsection 24(1G)</heading>
            <content>
              <p>Omit “a website”, substitute “its website”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-380">
            <num>380</num>
            <heading>After subsection 24(1G)</heading>
            <content>
              <p>Insert:</p>
              <p>		</p>
              <p>unless <role refersTo="#minister">the Minister</role> has, under subsection 10(3), determined:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-380__subclause-1H">
              <num>1H</num>
              <content>
                <p>The Regulator must not publish information mentioned in subsection (1AD) that is reported by a person under <ref href="#sec-22E">section 22E</ref> or 22G for a financial year in relation to a facility unless the operation of the facility during the financial year causes:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-380__para-a">
              <num>a</num>
              <content>
                <p>emissions of greenhouse gases that have a carbon dioxide equivalence of 25 kilotonnes or more; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-380__para-b">
              <num>b</num>
              <content>
                <p>production of energy of 100 terajoules or more; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-380__para-c">
              <num>c</num>
              <content>
                <p>consumption of energy of 100 terajoules or more.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-380__subclause-1J">
              <num>1J</num>
              <content>
                <p>	(1J)	If the person was the holder of the relevant reporting transfer certificate or financial control liability transfer certificate in relation to the facility for a number of, but not all, days in the financial year (the <b><i>control days</i></b>), paragraphs (1H)(a), (b) and (c) have effect as though each amount mentioned in the relevant paragraph were replaced by the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-380__subclause-1K">
              <num>1K</num>
              <content>
                <p>Subsection (1H) does not apply to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-380__para-a">
              <num>a</num>
              <content>
                <p>greenhouse gas emissions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-380__para-b">
              <num>b</num>
              <content>
                <p>energy production; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-380__para-c">
              <num>c</num>
              <content>
                <p>energy consumption;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-380__para-d">
              <num>d</num>
              <content>
                <p>methods by which the amounts of the emissions, production or consumption, as the case may be, are to be measured; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-380__para-e">
              <num>e</num>
              <content>
                <p>criteria for methods by which the amounts of emissions, production or consumption, as the case may be, are to be measured.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-381">
            <num>381</num>
            <heading>Subsections 24(2) and (3)</heading>
            <content>
              <p>Omit “a website”, substitute “its website”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-384">
            <num>384</num>
            <heading>Subsection 25(1)</heading>
            <content>
              <p>Omit “or” (first occurring).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-385">
            <num>385</num>
            <heading>Subsection 25(1)</heading>
            <content>
              <p>After “<ref href="#sec-20">section 20</ref>,”, insert “or a person required to provide a report under <ref href="#sec-22A">section 22A</ref>, 22AA, 22E or 22X”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-386">
            <num>386</num>
            <heading>At the end of section 25</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-386__subclause-5">
              <num>5</num>
              <content>
                <p>This section does not apply to information required to be published under subsection 24(1AF).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-387">
            <num>387</num>
            <heading>Subsection 30(2) (civil penalty)</heading>
            <content>
              <p>Repeal the civil penalty, substitute:</p>
              <p>Civil penalty:	<quantity refersTo="#penaltyUnit">100 penalty units</quantity> per day.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-388">
            <num>388</num>
            <heading>After subsection 30(2)</heading>
            <content>
              <p>Insert:</p>
              <p>Civil penalty:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-388__subclause-2A">
              <num>2A</num>
              <content>
                <p>If, under <ref href="#sec-15A">section 15A</ref>, 15AA, 22A, 22AA, 22E, 22X, 74AA or 74B, an act or thing is required to be done within a particular period, or before a particular time, and a person fails to comply with that requirement, the person is liable for a civil penalty for each day that the person fails to comply.</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-388__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">20 penalty units</quantity> per day; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-388__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">100 penalty units</quantity> per day.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-389">
            <num>389</num>
            <heading>Subsection 31(4)</heading>
            <content>
              <p>Omit “must have regard”, substitute “may have regard”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-390">
            <num>390</num>
            <heading>At the end of subsection 31(4)</heading>
            <content>
              <p>Add:</p>
              <p>; and (e)	the extent to which the person has co-operated with the authorities; and</p>
            </content>
            <paragraph eId="schedule-1__clause-390__para-f">
              <num>f</num>
              <content>
                <p>if the person is a body corporate:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-390__para-i">
              <num>i</num>
              <content>
                <p>the level of the employees, officers or agents of the body corporate involved in the contravention; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-390__para-ii">
              <num>ii</num>
              <content>
                <p>whether the body corporate exercised due diligence to avoid the contravention; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-390__para-iii">
              <num>iii</num>
              <content>
                <p>whether the body corporate had a corporate culture conducive to compliance.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-391">
            <num>391</num>
            <heading>Division 4 of Part 5 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-391A">
            <num>391A</num>
            <heading>Section 47 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-47">
            <num>47</num>
            <heading>Civil penalties for executive officers of bodies corporate</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-392">
            <num>392</num>
            <heading>Paragraph 47(1)(a)</heading>
            <content>
              <p>Omit “corporation”, substitute “body corporate”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-393">
            <num>393</num>
            <heading>Paragraph 47(1)(b)</heading>
            <content>
              <p>Omit “chief”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-394">
            <num>394</num>
            <heading>Paragraphs 47(1)(b) and (c)</heading>
            <content>
              <p>Omit “corporation”, substitute “body corporate”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-395">
            <num>395</num>
            <heading>After subsection 47(1)</heading>
            <content>
              <p>Insert:</p>
              <p>that the conduct merits the imposition of a pecuniary penalty.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-395__subclause-1A">
              <num>1A</num>
              <content>
                <p>	(1A)	For the purposes of subsection (1), the officer is <b><i>reckless</i></b> as to whether the contravention would occur if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-395__para-a">
              <num>a</num>
              <content>
                <p>the officer is aware of a substantial risk that the contravention would occur; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-395__para-b">
              <num>b</num>
              <content>
                <p>having regard to the circumstances known to the officer, it is unjustifiable to take the risk.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-395__subclause-1B">
              <num>1B</num>
              <content>
                <p>	(1B)	For the purposes of subsection (1), the officer is <b><i>negligent</i></b> as to whether the contravention would occur if the officer’s conduct involves:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-395__para-a">
              <num>a</num>
              <content>
                <p>such a great falling short of the standard of care that a reasonable person would exercise in the circumstances; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-395__para-b">
              <num>b</num>
              <content>
                <p>such a high risk that the contravention would occur; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-396">
            <num>396</num>
            <heading>Subsection 47(3)</heading>
            <content>
              <p>Omit “corporation”, substitute “body corporate”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-396A">
            <num>396A</num>
            <heading>Section 48 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-48">
            <num>48</num>
            <heading>Did an executive officer take reasonable steps to prevent contravention?</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-397">
            <num>397</num>
            <heading>Subsection 48(1)</heading>
            <content>
              <p>Omit “a chief”, substitute “an”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-398">
            <num>398</num>
            <heading>Subsection 48(1)</heading>
            <content>
              <p>Omit “corporation” (first occurring), substitute “body corporate”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-399">
            <num>399</num>
            <heading>Subparagraph 48(1)(a)(i)</heading>
            <content>
              <p>Omit “corporation”, substitute “body corporate”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-400">
            <num>400</num>
            <heading>Subparagraph 48(1)(a)(i)</heading>
            <content>
              <p>Omit “corporation’s”, substitute “body corporate’s”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-401">
            <num>401</num>
            <heading>Subparagraph 48(1)(a)(ii)</heading>
            <content>
              <p>Omit “corporation”, substitute “body corporate”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-402">
            <num>402</num>
            <heading>Subparagraph 48(1)(a)(iii)</heading>
            <content>
              <p>Omit “corporation’s”, substitute “body corporate’s”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-403">
            <num>403</num>
            <heading>Paragraph 48(1)(b)</heading>
            <content>
              <p>Omit “that the corporation was contravening this Act or the regulations”, substitute “of the contravention”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-403A">
            <num>403A</num>
            <heading>Section 54 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-54">
            <num>54</num>
            <heading>Regulator may declare facility—group</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-404">
            <num>404</num>
            <heading>Subsection 54(5)</heading>
            <content>
              <p>Omit “corporation, joint venture or partnership”, substitute “person”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-405">
            <num>405</num>
            <heading>After section 54</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-54A">
            <num>54A</num>
            <heading>Regulator may declare facility—non-group entity</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-54A__subclause-1">
              <num>1</num>
              <content>
                <p>The Regulator may declare that an activity or series of activities (including ancillary activities) are a facility:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-54A__para-a">
              <num>a</num>
              <content>
                <p>on application by a non-group entity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-54A__para-b">
              <num>b</num>
              <content>
                <p>on the Regulator’s own initiative.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-54A__subclause-2">
              <num>2</num>
              <content>
                <p>An application must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-54A__para-a">
              <num>a</num>
              <content>
                <p>identify the facility for which a declaration is sought; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-54A__para-b">
              <num>b</num>
              <content>
                <p>include any other information required by the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-54A__para-c">
              <num>c</num>
              <content>
                <p>be given in a manner and form approved by the Regulator.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-54A__subclause-3">
              <num>3</num>
              <content>
                <p>In considering making a declaration that an activity or series of activities are a facility, the Regulator must have regard to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-54A__para-a">
              <num>a</num>
              <content>
                <p>the matters dealt with in regulations made for the purposes of paragraph 9(1)(a); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-54A__para-b">
              <num>b</num>
              <content>
                <p>the need for each facility to be distinct from, and not overlap with, activities that constitute other facilities.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-54A__subclause-4">
              <num>4</num>
              <content>
                <p>The Regulator must notify, in writing, an applicant under paragraph (1)(a) of a decision under subsection (1) to declare a facility or to refuse the application.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-54A__subclause-5">
              <num>5</num>
              <content>
                <p>If the Regulator makes a declaration under paragraph (1)(b), the Regulator must notify, in writing, the person that has, or that the Regulator reasonably believes has, operational control of the facility to which the declaration relates.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-406">
            <num>406</num>
            <heading>After subsection 55(3)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-406__subclause-3A">
              <num>3A</num>
              <content>
                <p>The Regulator must not declare that a controlling corporation or another member of the corporation’s group has operational control of a facility unless the Regulator is satisfied that the corporation or member has substantial authority to introduce and implement either or both of the following for the facility:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-406__para-a">
              <num>a</num>
              <content>
                <p>operating policies;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-406__para-b">
              <num>b</num>
              <content>
                <p>environmental policies.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-406__subclause-3B">
              <num>3B</num>
              <content>
                <p>The Regulator must not declare that a member of a controlling corporation’s group (other than the controlling corporation) has operational control of a facility on application made by the member unless the controlling corporation has given written consent to the making of the declaration.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-407">
            <num>407</num>
            <heading>At the end of Division 2 of Part 6</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-55A">
            <num>55A</num>
            <heading>Regulator may declare non-group entity has operational control</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-55A__subclause-1">
              <num>1</num>
              <content>
                <p>The Regulator may declare that a non-group entity has operational control of a facility:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-55A__para-a">
              <num>a</num>
              <content>
                <p>on application by the non-group entity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-55A__para-b">
              <num>b</num>
              <content>
                <p>on the Regulator’s own initiative.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-55A__subclause-2">
              <num>2</num>
              <content>
                <p>An application must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-55A__para-a">
              <num>a</num>
              <content>
                <p>identify the facility for which a declaration of operational control is sought; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-55A__para-b">
              <num>b</num>
              <content>
                <p>include any other information required by the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-55A__para-c">
              <num>c</num>
              <content>
                <p>be given in a manner and form approved by the Regulator.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-55A__subclause-3">
              <num>3</num>
              <content>
                <p>In considering making a declaration that a non-group entity has operational control of a facility, the Regulator must have regard to the matters dealt with in paragraph 11(1)(a) and regulations made for the purposes of that paragraph.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-55A__subclause-4">
              <num>4</num>
              <content>
                <p>The Regulator must not declare that a non-group entity has operational control of a facility unless the Regulator is satisfied that the non-group entity has substantial authority to introduce and implement either or both of the following for the facility:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-55A__para-a">
              <num>a</num>
              <content>
                <p>operating policies;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-55A__para-b">
              <num>b</num>
              <content>
                <p>environmental policies.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-55A__subclause-5">
              <num>5</num>
              <content>
                <p>The Regulator must notify, in writing, an applicant under paragraph (1)(a) of a decision under subsection (1) to declare the non-group entity to have operational control of the facility or to refuse the application.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-55A__subclause-6">
              <num>6</num>
              <content>
                <p>If the Regulator makes a declaration under paragraph (1)(b), the Regulator must notify, in writing, the non-group entity which the Regulator has declared to have operational control of the facility to which the declaration relates.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-408">
            <num>408</num>
            <heading>After paragraph 56(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-408__para-aa">
              <num>aa</num>
              <content>
                <p>not register a person under <ref href="#sec-18A">section 18A</ref>;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-409">
            <num>409</num>
            <heading>Paragraph 56(b)</heading>
            <content>
              <p>Omit “corporation under <ref href="#sec-18">section 18</ref>”, substitute “person under <ref href="#sec-18B">section 18B</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-410">
            <num>410</num>
            <heading>After paragraph 56(g)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-410__para-ga">
              <num>ga</num>
              <content>
                <p>refuse an application under <ref href="#sec-54A">section 54A</ref>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-410__para-gb">
              <num>gb</num>
              <content>
                <p>declare a facility under paragraph 54A(1)(b);</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-411">
            <num>411</num>
            <heading>At the end of section 56</heading>
            <content>
              <p>Add:</p>
              <p>; (k)	refuse an application under <ref href="#sec-55A">section 55A</ref>;</p>
            </content>
            <paragraph eId="schedule-1__clause-411__para-l">
              <num>l</num>
              <content>
                <p>declare that a non-group entity has operational control of a facility under paragraph 55A(1)(b).</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-412">
            <num>412</num>
            <heading>Subsection 61(3) (penalty)</heading>
            <content>
              <p>Repeal the penalty, substitute:</p>
              <p>Penalty:	<quantity refersTo="#custodialSentence">Imprisonment for 6 months</quantity> or <quantity refersTo="#penaltyUnit">30 penalty units</quantity>, or both.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-413">
            <num>413</num>
            <heading>Subsection 69(2) (penalty)</heading>
            <content>
              <p>Repeal the penalty, substitute:</p>
              <p>Penalty:	<quantity refersTo="#penaltyUnit">30 penalty units</quantity>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-414">
            <num>414</num>
            <heading>Before section 75</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-74AA">
            <num>74AA</num>
            <heading>Audit of persons providing reports under section 22A</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-74AA__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74AA__para-a">
              <num>a</num>
              <content>
                <p>a person is required to provide a report under <ref href="#sec-22A">section 22A</ref> for an eligible financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-b">
              <num>b</num>
              <content>
                <p>the person’s emissions number for the eligible financial year exceeds the number specified in the regulations in relation to the eligible financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74AA__subclause-2">
              <num>2</num>
              <content>
                <p>The person must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74AA__para-a">
              <num>a</num>
              <content>
                <p>appoint as an audit team leader a registered greenhouse and energy auditor of the person’s choice; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-b">
              <num>b</num>
              <content>
                <p>arrange for the audit team leader to carry out an audit of:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-i">
              <num>i</num>
              <content>
                <p>the <ref href="#sec-22A">section 22A</ref> report; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-ii">
              <num>ii</num>
              <content>
                <p>such other matters (if any) relating to the <ref href="#sec-22A">section 22A</ref> report as are specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-iii">
              <num>iii</num>
              <content>
                <p>the person’s compliance with <ref href="#sec-22B">section 22B</ref> in relation to the eligible financial year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-c">
              <num>c</num>
              <content>
                <p>arrange for the audit team leader to give the person a written report setting out the results of the audit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-d">
              <num>d</num>
              <content>
                <p>give the Regulator a copy of the audit report:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-i">
              <num>i</num>
              <content>
                <p>on the day on which the <ref href="#sec-22A">section 22A</ref> report is provided to the Regulator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-ii">
              <num>ii</num>
              <content>
                <p>in the manner specified in the regulations.</p>
              </content>
            </paragraph>
            <content>
              <p>Civil penalty:</p>
              <p>Note:	Under <ref href="#sec-30">section 30</ref>, a person may be liable for an additional civil penalty for each day after the day mentioned in paragraph (d) for which the person fails to provide an audit report in accordance with this section.</p>
              <p>Civil penalty:</p>
            </content>
            <paragraph eId="schedule-1__clause-74AA__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">200 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74AA__subclause-3">
              <num>3</num>
              <content>
                <p>The regulations may specify:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74AA__para-a">
              <num>a</num>
              <content>
                <p>the type of audit to be carried out; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-b">
              <num>b</num>
              <content>
                <p>the matters to be covered by the audit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-c">
              <num>c</num>
              <content>
                <p>the form of the audit report and the kinds of details it is to contain.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74AA__subclause-4">
              <num>4</num>
              <content>
                <p>The person must provide the audit team leader and any audit team members with all reasonable facilities and assistance necessary for the effective exercise of the audit team leader’s duties under this Act.</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74AA__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">50 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74AA__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">250 penalty units</quantity>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-74B">
            <num>74B</num>
            <heading>Audits of certain entities—compliance</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-74B__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this section, a person is a <b><i>relevant person</i></b> if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74B__para-a">
              <num>a</num>
              <content>
                <p>the following subparagraphs apply:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-i">
              <num>i</num>
              <content>
                <p>the person is a non-group entity;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-ii">
              <num>ii</num>
              <content>
                <p>the Regulator has reasonable grounds to suspect that the person has contravened, is contravening, or is proposing to contravene, this Act or the regulations; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-b">
              <num>b</num>
              <content>
                <p>the following subparagraphs apply:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-i">
              <num>i</num>
              <content>
                <p>the person is the responsible member mentioned in subsection 22X(1);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-ii">
              <num>ii</num>
              <content>
                <p>the person is not a registered corporation;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-iii">
              <num>iii</num>
              <content>
                <p>the Regulator has reasonable grounds to suspect that the person has contravened, is contravening, or is proposing to contravene, this Act or the regulations.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74B__subclause-2">
              <num>2</num>
              <content>
                <p>The Regulator may, by written notice given to a relevant person, require the relevant person to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74B__para-a">
              <num>a</num>
              <content>
                <p>appoint as an audit team leader:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-i">
              <num>i</num>
              <content>
                <p>a registered greenhouse and energy auditor of the relevant person’s choice; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-ii">
              <num>ii</num>
              <content>
                <p>if the Regulator specifies a registered greenhouse and energy auditor in the notice—that auditor; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-iii">
              <num>iii</num>
              <content>
                <p>if the Regulator specifies more than one registered greenhouse and energy auditor in the notice—any one of those auditors; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-b">
              <num>b</num>
              <content>
                <p>arrange for the audit team leader to carry out an audit on one or more aspects of the relevant person’s compliance with this Act or the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-c">
              <num>c</num>
              <content>
                <p>arrange for the audit team leader to give the relevant person a written report setting out the results of the audit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-d">
              <num>d</num>
              <content>
                <p>give the Regulator a copy of the audit report on or before the day specified in the notice.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74B__subclause-3">
              <num>3</num>
              <content>
                <p>The notice must specify:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74B__para-a">
              <num>a</num>
              <content>
                <p>the type of audit to be carried out; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-b">
              <num>b</num>
              <content>
                <p>the matters to be covered by the audit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-c">
              <num>c</num>
              <content>
                <p>the form of the audit report and the kinds of details it is to contain.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74B__subclause-4">
              <num>4</num>
              <content>
                <p>The relevant person must provide the audit team leader and any audit team members with all reasonable facilities and assistance necessary for the effective exercise of the audit team leader’s duties under this Act.</p>
              </content>
            </hcontainer>
            <content>
              <p>Civil penalty:</p>
              <p>Civil penalty:</p>
              <p>Note:	Under <ref href="#sec-30">section 30</ref>, a relevant person may be liable for an additional civil penalty for each day after the day mentioned in paragraph (2)(d) for which the relevant person fails to provide an audit report in accordance with this section.</p>
            </content>
            <paragraph eId="schedule-1__clause-74B__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">50 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">250 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74B__subclause-5">
              <num>5</num>
              <content>
                <p>If the Regulator gives the relevant person written notice under subsection (2), the relevant person must comply with the requirements of the notice.</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74B__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">200 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74B__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-74C">
            <num>74C</num>
            <heading>Audits of certain entities—other</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-74C__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this section, a person is a <b><i>relevant person</i></b> if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74C__para-a">
              <num>a</num>
              <content>
                <p>the person is a non-group entity; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-b">
              <num>b</num>
              <content>
                <p>the person:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-i">
              <num>i</num>
              <content>
                <p>is the responsible member mentioned in subsection 22X(1); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-ii">
              <num>ii</num>
              <content>
                <p>is not a registered corporation.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74C__subclause-2">
              <num>2</num>
              <content>
                <p>The Regulator may appoint a registered greenhouse and energy auditor as an audit team leader to carry out an audit of a relevant person’s compliance with one or more aspects of this Act or the regulations.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-74C__subclause-3">
              <num>3</num>
              <content>
                <p>The Regulator must give written notice to the relevant person of a decision to appoint an audit team leader under subsection (2). The notice must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74C__para-a">
              <num>a</num>
              <content>
                <p>specify the audit team leader; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-b">
              <num>b</num>
              <content>
                <p>specify the period within which the audit is to be undertaken; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-c">
              <num>c</num>
              <content>
                <p>specify the type of audit to be carried out; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-d">
              <num>d</num>
              <content>
                <p>specify the matters to be covered by the audit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-e">
              <num>e</num>
              <content>
                <p>be given to the relevant person at a reasonable time before the audit is to be undertaken.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74C__subclause-4">
              <num>4</num>
              <content>
                <p>The relevant person must provide the audit team leader and any audit team members with all reasonable facilities and assistance necessary for the effective exercise of the audit team leader’s duties under this Act.</p>
              </content>
            </hcontainer>
            <content>
              <p>Civil penalty:</p>
              <p>Civil penalty:</p>
            </content>
            <paragraph eId="schedule-1__clause-74C__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">50 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">250 penalty units</quantity>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-74C__subclause-5">
              <num>5</num>
              <content>
                <p>If a relevant person is given a notice under subsection (3), the relevant person must arrange for the audit team leader to carry out the audit.</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-74C__para-a">
              <num>a</num>
              <content>
                <p>for an individual—<quantity refersTo="#penaltyUnit">200 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-74C__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#penaltyUnit">1,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-415">
            <num>415</num>
            <heading>Subsection 75A(7)</heading>
            <content>
              <p>Omit “signed”, substitute “written”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-415A">
            <num>415A</num>
            <heading>After section 76</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-76A">
            <num>76A</num>
            <heading>Periodic reviews of operation of this Act etc.</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-1">
              <num>1</num>
              <content>
                <p>The Climate Change Authority must conduct reviews of the operation of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76A__para-a">
              <num>a</num>
              <content>
                <p>this Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76A__para-b">
              <num>b</num>
              <content>
                <p>legislative instruments under this Act.</p>
              </content>
            </paragraph>
            <content>
              <p>Public consultation</p>
              <p>Report</p>
              <p>First review</p>
              <p>Subsequent reviews</p>
              <p>Recommendations</p>
              <p>Government response to recommendations</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-2">
              <num>2</num>
              <content>
                <p>A review under subsection (1) must make provision for public consultation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-3">
              <num>3</num>
              <content>
                <p>The Climate Change Authority must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76A__para-a">
              <num>a</num>
              <content>
                <p>give <role refersTo="#minister">the Minister</role> a report of the review; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76A__para-b">
              <num>b</num>
              <content>
                <p>as soon as practicable after giving the report to <role refersTo="#minister">the Minister</role>, publish the report on the Climate Change Authority’s website.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-4">
              <num>4</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> must cause copies of a report under subsection (3) to be tabled in each House of the Parliament within 15 sitting days of that House after the review is completed.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-5">
              <num>5</num>
              <content>
                <p>The first review under subsection (1) must be completed during the period:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76A__para-a">
              <num>a</num>
              <content>
                <p>beginning at the start of <date date="2016-06-30">30 June 2016</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76A__para-b">
              <num>b</num>
              <content>
                <p>ending at the end of <date date="2018-12-31">31 December 2018</date>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-6">
              <num>6</num>
              <content>
                <p>Each subsequent review under subsection (1) must be completed within 5 years after the deadline for completion of the previous review.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-7">
              <num>7</num>
              <content>
                <p>For the purposes of subsections (4), (5) and (6), a review is completed when the report of the review is given to <role refersTo="#minister">the Minister</role> under subsection (3).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-8">
              <num>8</num>
              <content>
                <p>A report of a review under subsection (1) may set out recommendations to the Commonwealth Government.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-9">
              <num>9</num>
              <content>
                <p>In formulating a recommendation that the Commonwealth Government should take particular action, the Climate Change Authority must analyse the costs and benefits of that action.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-10">
              <num>10</num>
              <content>
                <p>Subsection (9) does not prevent the Climate Change Authority from taking other matters into account in formulating a recommendation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-11">
              <num>11</num>
              <content>
                <p>If a report of a review under subsection (1) sets out one or more recommendations to the Commonwealth Government, the report must set out the Climate Change Authority’s reasons for those recommendations.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-12">
              <num>12</num>
              <content>
                <p>If a report of a review under subsection (1) sets out one or more recommendations to the Commonwealth Government:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76A__para-a">
              <num>a</num>
              <content>
                <p>as soon as practicable after receiving the report, <role refersTo="#minister">the Minister</role> must cause to be prepared a statement setting out the Commonwealth Government’s response to each of the recommendations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76A__para-b">
              <num>b</num>
              <content>
                <p><quantity refersTo="#deadline">within 6 months</quantity> after receiving the report, the Minister must cause copies of the statement to be tabled in each House of the Parliament.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-76A__subclause-13">
              <num>13</num>
              <content>
                <p>The Commonwealth Government’s response to the recommendations may have regard to the views of the following:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76A__para-a">
              <num>a</num>
              <content>
                <p>the Climate Change Authority;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76A__para-b">
              <num>b</num>
              <content>
                <p>the Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76A__para-c">
              <num>c</num>
              <content>
                <p>such other persons as <role refersTo="#minister">the Minister</role> considers relevant.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-76B">
            <num>76B</num>
            <heading>Special reviews of operation of this Act etc.</heading>
            <content>
              <p>Scope</p>
              <p>Review</p>
              <p>Consultation</p>
              <p>Covered matters</p>
              <p>Report</p>
              <p>Recommendations</p>
              <p>Government response to recommendations</p>
              <p>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76B__para-a">
              <num>a</num>
              <content>
                <p><role refersTo="#minister">the Minister</role>, by written instrument given to the Chair of the Climate Change Authority, requests the Climate Change Authority to conduct a review under this section of such matters as are specified in the instrument; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76B__para-b">
              <num>b</num>
              <content>
                <p>the matters specified in the instrument are covered by subsection (4).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-2">
              <num>2</num>
              <content>
                <p>The Climate Change Authority must conduct a review of those matters.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-3">
              <num>3</num>
              <content>
                <p>In conducting a review, the Climate Change Authority must make provision for public consultation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-4">
              <num>4</num>
              <content>
                <p>This subsection covers the operation of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76B__para-a">
              <num>a</num>
              <content>
                <p>this Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76B__para-b">
              <num>b</num>
              <content>
                <p>legislative instruments under this Act.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-5">
              <num>5</num>
              <content>
                <p>The Climate Change Authority must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76B__para-a">
              <num>a</num>
              <content>
                <p>give <role refersTo="#minister">the Minister</role> a report of the review; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76B__para-b">
              <num>b</num>
              <content>
                <p>as soon as practicable after giving the report to <role refersTo="#minister">the Minister</role>, publish the report on the Climate Change Authority’s website.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-6">
              <num>6</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> must cause copies of a report under subsection (5) to be tabled in each House of the Parliament within 15 sitting days of that House after the completion of the preparation of the report.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-7">
              <num>7</num>
              <content>
                <p>A report of a review under subsection (2) may set out recommendations to the Commonwealth Government.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-8">
              <num>8</num>
              <content>
                <p>In formulating a recommendation that the Commonwealth Government should take particular action, the Climate Change Authority must analyse the costs and benefits of that action.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-9">
              <num>9</num>
              <content>
                <p>Subsection (8) does not prevent the Climate Change Authority from taking other matters into account in formulating a recommendation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-10">
              <num>10</num>
              <content>
                <p>If a report of a review under subsection (2) sets out one or more recommendations to the Commonwealth Government, the report must set out the Climate Change Authority’s reasons for those recommendations.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-11">
              <num>11</num>
              <content>
                <p>If a report of a review under subsection (2) sets out one or more recommendations to the Commonwealth Government:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76B__para-a">
              <num>a</num>
              <content>
                <p>as soon as practicable after receiving the report, <role refersTo="#minister">the Minister</role> must cause to be prepared a statement setting out the Commonwealth Government’s response to each of the recommendations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76B__para-b">
              <num>b</num>
              <content>
                <p><quantity refersTo="#deadline">within 6 months</quantity> after receiving the report, the Minister must cause copies of the statement to be tabled in each House of the Parliament.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-76B__subclause-12">
              <num>12</num>
              <content>
                <p>The Commonwealth Government’s response to the recommendations may have regard to the views of the following:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-76B__para-a">
              <num>a</num>
              <content>
                <p>the Climate Change Authority;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76B__para-b">
              <num>b</num>
              <content>
                <p>the Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-76B__para-c">
              <num>c</num>
              <content>
                <p>such other persons as <role refersTo="#minister">the Minister</role> considers relevant.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-415B">
            <num>415B</num>
            <heading>Paragraph 3(d)</heading>
            <content>
              <p>After “Climate Change”, insert “and the Kyoto Protocol”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-416">
            <num>416</num>
            <heading>Subsection 7(1)</heading>
            <content>
              <p>Omit “(1)” (first occurring).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-416A">
            <num>416A</num>
            <heading>Subsection 7(1) (definition of licence)</heading>
            <content>
              <p>Omit “or a used substances licence”, substitute “, a used substances licence or an ODS/SGG equipment licence”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-416B">
            <num>416B</num>
            <heading>Subsection 7(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Kyoto Protocol</i></b> means the Kyoto Protocol to the United Nations Framework Convention on Climate Change, done at Kyoto on 11 December 1997, as amended and in force for Australia from time to time.</p>
              <p>Note:	The text of the Kyoto Protocol is set out in Australian Treaty Series 2008 No. 2 ([2008] ATS 2). In 2011, the text of an international agreement in the Australian Treaty Series was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-417">
            <num>417</num>
            <heading>Subsection 7(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>ODS equipment</i></b> has the meaning given by section 8C.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-418">
            <num>418</num>
            <heading>Subsection 7(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>ODS/SGG equipment licence</i></b> means an ODS/SGG equipment licence under section 13A.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-419">
            <num>419</num>
            <heading>Subsection 7(1) (definition of pre-charged equipment)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-420">
            <num>420</num>
            <heading>Subsection 7(1) (definition of pre-charged equipment licence)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-420A">
            <num>420A</num>
            <heading>Subsection 7(1) (paragraph (b) of the definition of recycled or used HCFCs)</heading>
            <content>
              <p>Omit “after undergoing a cleaning process”, substitute “or destroyed”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-420B">
            <num>420B</num>
            <heading>Subsection 7(1) (paragraph (b) of the definition of recycled or used methyl bromide)</heading>
            <content>
              <p>Omit “after undergoing a cleaning process”, substitute “or destroyed”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-420C">
            <num>420C</num>
            <heading>Subsection 7(1) (paragraph (b) of the definition of recycled stage-1 or stage-2 scheduled substances)</heading>
            <content>
              <p>Omit “after undergoing a cleaning process”, substitute “or destroyed”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-421">
            <num>421</num>
            <heading>Subsection 7(1) (definition of SGG or synthetic greenhouse gas)</heading>
            <content>
              <p>Omit “or a PFC”, substitute “, a PFC or sulfur hexafluoride”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-421A">
            <num>421A</num>
            <heading>Subsection 7(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>SGG equipment</i></b> has the meaning given by section 8D.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-422">
            <num>422</num>
            <heading>Subsection 7(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>sulfur hexafluoride</i></b> means the substance referred to in Part XI of Schedule 1, whether existing alone or in a mixture.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-423">
            <num>423</num>
            <heading>After section 8B</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-8C">
            <num>8C</num>
            <heading>ODS equipment</heading>
            <content>
              <p>		For the purposes of this Act, <b><i>ODS equipment</i></b> means air-conditioning equipment, or refrigeration equipment, that contains a substance that is an HCFC or, but for section 9, would be an HCFC.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-8D">
            <num>8D</num>
            <heading>SGG equipment</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-8D__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	For the purposes of this Act, <b><i>SGG equipment</i></b> means:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-8D__para-a">
              <num>a</num>
              <content>
                <p>equipment, or a product, that contains a substance that is an HFC or a PFC; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-8D__para-b">
              <num>b</num>
              <content>
                <p>equipment, or a product, that contains a substance that is sulfur hexafluoride;</p>
              </content>
            </paragraph>
            <content>
              <p>but does not include:</p>
            </content>
            <paragraph eId="schedule-1__clause-8D__para-c">
              <num>c</num>
              <content>
                <p>equipment, or a product, prescribed by the regulations; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-8D__para-d">
              <num>d</num>
              <content>
                <p>equipment, or a product, specified in a legislative instrument made by <role refersTo="#minister">the Minister</role>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-8D__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	Unless sooner revoked, a legislative instrument made under paragraph (1)(d) ceases to be in force 12 months after it is registered under the <i>Legislative Instruments Act 2003</i>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-424A">
            <num>424A</num>
            <heading>Section 9 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-9">
            <num>9</num>
            <heading>Scheduled substances (other than SGGs) in manufactured products</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-424B">
            <num>424B</num>
            <heading>Subsection 9(1)</heading>
            <content>
              <p>After “Schedule 1”, insert “(other than a substance referred to in <ref href="#part-IX">Part IX</ref>, X or XI of that Schedule)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-425">
            <num>425</num>
            <heading>Subsection 13(6A)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-425__subclause-6A">
              <num>6A</num>
              <content>
                <p>A person must not import ODS equipment or SGG equipment unless:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-425__para-a">
              <num>a</num>
              <content>
                <p>the person holds an ODS/SGG equipment licence; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-425__para-b">
              <num>b</num>
              <content>
                <p>the following conditions are satisfied:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-425__para-i">
              <num>i</num>
              <content>
                <p>the equipment is kept by the person, or by a member of the person’s household, wholly or principally for private or domestic use;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-425__para-ii">
              <num>ii</num>
              <content>
                <p>the equipment is prescribed by the regulations or specified in a legislative instrument made by <role refersTo="#minister">the Minister</role>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-425__para-iii">
              <num>iii</num>
              <content>
                <p>if the equipment is prescribed by regulations made for the purposes of subparagraph (ii)—the conditions (if any) prescribed by the regulations;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-425__para-iv">
              <num>iv</num>
              <content>
                <p>if the equipment is specified in an instrument made by <role refersTo="#minister">the Minister</role> under subparagraph (ii)—the conditions (if any) specified in a legislative instrument made by <role refersTo="#minister">the Minister</role>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-425__subclause-6B">
              <num>6B</num>
              <content>
                <p>	(6B)	Unless sooner revoked, a legislative instrument made by the Minister under subparagraph (6A)(b)(ii) or (iv) ceases to be in force 12 months after it is registered under the <i>Legislative Instruments Act 2003</i>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-426">
            <num>426</num>
            <heading>Subsection 13(9) (note 2)</heading>
            <content>
              <p>Omit “subsection 65AC(4)”, substitute “subsections 65AC(4) and (4A)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-427">
            <num>427</num>
            <heading>Paragraph 13A(1)(d)</heading>
            <content>
              <p>Omit “a pre-charged equipment licence”, substitute “an ODS/SGG equipment licence”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-428">
            <num>428</num>
            <heading>Subsection 13A(5)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-428__subclause-5">
              <num>5</num>
              <content>
                <p>An ODS/SGG equipment licence allows the licensee to import ODS equipment or SGG equipment.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-429">
            <num>429</num>
            <heading>Subsection 16(3)</heading>
            <content>
              <p>Omit “a pre-charged equipment licence”, substitute “an ODS/SGG equipment licence”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-430">
            <num>430</num>
            <heading>Subsection 19(4)</heading>
            <content>
              <p>Omit “A pre-charged equipment licence”, substitute “An ODS/SGG equipment licence”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-431">
            <num>431</num>
            <heading>Subsection 19A(2)</heading>
            <content>
              <p>Omit “a pre-charged equipment licence”, substitute “an ODS/SGG equipment licence”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-431A">
            <num>431A</num>
            <heading>Section 46 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-46">
            <num>46</num>
            <heading>Quarterly reports by manufacturers, importers and exporters of scheduled substances (other than SGGs and substances in ODS equipment or SGG equipment)</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-432">
            <num>432</num>
            <heading>Paragraph 46(1A)(b)</heading>
            <content>
              <p>Omit “pre-charged equipment”, substitute: “ODS equipment or SGG equipment”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-433">
            <num>433</num>
            <heading>Subsection 46(1B)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-434">
            <num>434</num>
            <heading>Subsection 46(1BA)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-435">
            <num>435</num>
            <heading>Subsection 46(1C)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-436">
            <num>436</num>
            <heading>Subsection 46(2AA)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-437">
            <num>437</num>
            <heading>Subsection 46(2A)</heading>
            <content>
              <p>Omit “or (2AA)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-438">
            <num>438</num>
            <heading>Subsection 46(2B)</heading>
            <content>
              <p>Omit “or (2AA)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-439">
            <num>439</num>
            <heading>Subsection 46(2D)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-440">
            <num>440</num>
            <heading>Subsection 46(2E)</heading>
            <content>
              <p>Omit “Subsections (2C) and (2D) are <b><i>civil penalty provisions</i></b>”, substitute “Subsection (2C) is a <b><i>civil penalty provision</i></b>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-441">
            <num>441</num>
            <heading>Subsection 46(2F)</heading>
            <content>
              <p>Omit “Subsections (2C) and (2D) do not”, substitute “Subsection (2C) does not”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-442">
            <num>442</num>
            <heading>After section 46</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-46A">
            <num>46A</num>
            <heading>Quarterly reports by manufacturers, importers and exporters of SGGs, ODS equipment or SGG equipment</heading>
            <content>
              <p>Manufacturer</p>
              <p>the person must, before the 15th day after the end of the quarter, give <role refersTo="#minister">the Minister</role> a report in accordance with the regulations.</p>
              <p>Importer</p>
              <p>the person must, before the 15th day after the end of the quarter, give <role refersTo="#minister">the Minister</role> a report in accordance with the regulations.</p>
              <p>the person must, before the 15th day after the end of the quarter, give <role refersTo="#minister">the Minister</role> a report in accordance with the regulations.</p>
              <p>Exporter</p>
              <p>the person must, before the 15th day after the end of the quarter, give <role refersTo="#minister">the Minister</role> a report in accordance with the regulations.</p>
              <p>Offence</p>
              <p>Penalty:	<quantity refersTo="#penaltyUnit">60 penalty units</quantity>.</p>
              <p>Note:	For strict liability, see <i>Criminal Code</i>.<ref href="#sec-6">section 6</ref>.1 of the </p>
              <p>Note 1:	<ref href="#dvs-7">Division 7</ref> of <ref href="#part-VIII">Part VIII</ref> provides for pecuniary penalties for breaches of civil penalty provisions.</p>
              <p>Note 2:	For maximum penalty, see subsection 65AC(4).</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-46A__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-46A__para-a">
              <num>a</num>
              <content>
                <p>a person manufactures an SGG during:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-i">
              <num>i</num>
              <content>
                <p>the quarter beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-ii">
              <num>ii</num>
              <content>
                <p>a later quarter; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-b">
              <num>b</num>
              <content>
                <p>the manufacture is not in circumstances prescribed by regulations made for the purposes of paragraph 13(1A)(b);</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-46A__subclause-2">
              <num>2</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-46A__para-a">
              <num>a</num>
              <content>
                <p>a person imports an SGG during:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-i">
              <num>i</num>
              <content>
                <p>the quarter beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-ii">
              <num>ii</num>
              <content>
                <p>a later quarter; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-b">
              <num>b</num>
              <content>
                <p>the import is not in circumstances prescribed by regulations made for the purposes of paragraph 13(1A)(b); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-c">
              <num>c</num>
              <content>
                <p>the SGG is not contained in ODS equipment or SGG equipment;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-46A__subclause-3">
              <num>3</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-46A__para-a">
              <num>a</num>
              <content>
                <p>a person imports ODS equipment or SGG equipment during:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-i">
              <num>i</num>
              <content>
                <p>the quarter beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-ii">
              <num>ii</num>
              <content>
                <p>a later quarter; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-b">
              <num>b</num>
              <content>
                <p>the import is not covered by paragraph 13(6A)(b);</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-46A__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-46A__para-a">
              <num>a</num>
              <content>
                <p>a person exports an SGG during:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-i">
              <num>i</num>
              <content>
                <p>the quarter beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-ii">
              <num>ii</num>
              <content>
                <p>a later quarter; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-b">
              <num>b</num>
              <content>
                <p>the export is not in circumstances prescribed by regulations made for the purposes of paragraph 13(1A)(b);</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-46A__subclause-5">
              <num>5</num>
              <content>
                <p>A person commits an offence if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-46A__para-a">
              <num>a</num>
              <content>
                <p>the person is subject to a requirement under subsection (1), (2), (3) or (4); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-b">
              <num>b</num>
              <content>
                <p>the person omits to do an act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-46A__para-c">
              <num>c</num>
              <content>
                <p>the omission breaches the requirement.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-46A__subclause-6">
              <num>6</num>
              <content>
                <p>An offence under subsection (5) is an offence of strict liability.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-46A__subclause-7">
              <num>7</num>
              <content>
                <p>	(7)	Subsections (1), (2), (3) and (4) are <b><i>civil penalty provisions</i></b>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-442A">
            <num>442A</num>
            <heading>Subparagraph 65AA(1)(a)(vii)</heading>
            <content>
              <p>Omit “46; or”, substitute “46;”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-442B">
            <num>442B</num>
            <heading>At the end of paragraph 65AA(1)(a)</heading>
            <content>
              <p>Add:</p>
            </content>
            <paragraph eId="schedule-1__clause-442B__para-viii">
              <num>viii</num>
              <content>
                <p><ref href="#sec-46A">section 46A</ref>; or</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-443">
            <num>443</num>
            <heading>Subsection 65AC(4)</heading>
            <content>
              <p>After “subsection”, insert “13(1A) or (6A) or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-444">
            <num>444</num>
            <heading>After subsection 65AC(4)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-444__subclause-4A">
              <num>4A</num>
              <content>
                <p>The pecuniary penalty payable by a person in respect of a contravention of subsection 13(1A) or (6A) must not exceed:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-444__para-a">
              <num>a</num>
              <content>
                <p>if the person is not a body corporate—<quantity refersTo="#penaltyUnit">2,000 penalty units</quantity>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-444__para-b">
              <num>b</num>
              <content>
                <p>if the person is a body corporate—<quantity refersTo="#penaltyUnit">10,000 penalty units</quantity>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-445">
            <num>445</num>
            <heading>Before paragraph 65C(1)(a)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-1__clause-445__para-aa">
              <num>aa</num>
              <content>
                <p>	(aa)	amounts equal to the prescribed rate component of an amount of levy received by the Commonwealth under <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>;<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-445__para-ab">
              <num>ab</num>
              <content>
                <p>	(ab)	amounts equal to the prescribed rate component of an amount of levy received by the Commonwealth under <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>;<ref href="#sec-4A">section 4A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-445__para-ac">
              <num>ac</num>
              <content>
                <p>	(ac)	amounts equal to the prescribed rate component of an amount of levy received by the Commonwealth under <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i>;<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-446">
            <num>446</num>
            <heading>Subparagraph 65C(1)(a)(i)</heading>
            <content>
              <p>Before “the”, insert “<ref href="#sec-4">section 4</ref> or 4B of”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-447">
            <num>447</num>
            <heading>Subparagraph 65C(1)(a)(ii)</heading>
            <content>
              <p>Before “the”, insert “<ref href="#sec-4">section 4</ref> of”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-447A">
            <num>447A</num>
            <heading>Paragraph 65C(1)(b)</heading>
            <content>
              <p>Omit “licence”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-448">
            <num>448</num>
            <heading>At the end of section 65C</heading>
            <content>
              <p>Add:</p>
              <p>Prescribed rate component</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>number of tonnes of the SGG</i></b> means the number of tonnes of the SGG to which the levy relates.</p>
              <p><b><i>prescribed rate</i></b> means the applicable rate prescribed by the regulations made for the purposes of the definition of <b><i>prescribed rate</i></b> in subsection 3A(7) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995.</i></p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>number of tonnes of the SGG contained in the equipment</i></b> means the number of tonnes of the SGG contained in the equipment to which the levy relates.</p>
              <p><b><i>prescribed rate</i></b> means the applicable rate prescribed by the regulations made for the purposes of the definition of <b><i>prescribed rate </i></b>in subsection 4A(5) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995.</i></p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>number of tonnes of the SGG</i></b> means the number of tonnes of the SGG to which the levy relates.</p>
              <p><b><i>prescribed rate</i></b> means the rate prescribed by the regulations made for the purposes of the definition of <b><i>prescribed rate</i></b> in subsection 3A(5) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i>.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-448__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	For the purposes of paragraph (1)(aa), the <b><i>prescribed rate component</i></b> of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-448__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	For the purposes of paragraph (1)(ab), the <b><i>prescribed rate component</i></b> of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-448__subclause-6">
              <num>6</num>
              <content>
                <p>	(6)	For the purposes of paragraph (1)(ac), the <b><i>prescribed rate component</i></b> of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-449">
            <num>449</num>
            <heading>Subsection 69(1)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-449__subclause-1">
              <num>1</num>
              <content>
                <p>A licence levy is due and payable:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-449__para-a">
              <num>a</num>
              <content>
                <p>at the end of 60 days after the end of the quarter to which the levy relates; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-449__para-b">
              <num>b</num>
              <content>
                <p>if <role refersTo="#minister">the Minister</role> allows the licensee concerned a longer period—at the end of that longer period.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-450">
            <num>450</num>
            <heading>After section 69</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-69AA">
            <num>69AA</num>
            <heading>Remission and refund of import levy—SGGs</heading>
            <content>
              <p>Export by licensee</p>
              <p><role refersTo="#minister">the Minister</role> must, on behalf of the Commonwealth, remit or refund the whole or a part of the carbon charge component of the amount of the levy.</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>applicable charge</i></b> means the charge that was the applicable charge for the purposes of the application of subsection 3A(7) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> to the levy.</p>
              <p><b><i>carbon dioxide equivalence</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>.</p>
              <p>Export by purchaser</p>
              <p><role refersTo="#minister">the Minister</role> must, on behalf of the Commonwealth, remit or refund the whole or a part of the carbon charge component of the amount of the levy.</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>applicable charge</i></b> means the charge that was the applicable charge for the purposes of the application of subsection 3A(7) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> to the levy.</p>
              <p><b><i>carbon dioxide equivalence</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>.</p>
              <p>Assignment of right to receive refund</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-69AA__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-69AA__para-a">
              <num>a</num>
              <content>
                <p>	(a)	levy is imposed by <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> in respect of the import of an SGG by a licensee; and<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-b">
              <num>b</num>
              <content>
                <p>the Minister is satisfied that the licensee exported the SGG <quantity refersTo="#deadline">within 12 months</quantity> (or such longer period as is prescribed by the regulations) after the import; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-c">
              <num>c</num>
              <content>
                <p>the licensee applies to <role refersTo="#minister">the Minister</role>, in accordance with the regulations, for remission or refund of the whole or a part of the carbon charge component of the amount of the levy; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-d">
              <num>d</num>
              <content>
                <p>the application is accompanied by such information (if any) as is specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-e">
              <num>e</num>
              <content>
                <p>the application is accompanied by such documents (if any) as are specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-f">
              <num>f</num>
              <content>
                <p>	(f)	the licensee is not exempt from the carbon charge component of the amount of the levy (see <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>);<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-69AA__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	For the purposes of subsection (1), the <b><i>carbon charge component </i></b>of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AA__subclause-3">
              <num>3</num>
              <content>
                <p>The regulations may provide for verification by statutory declaration of statements in applications under subsection (1).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AA__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-69AA__para-a">
              <num>a</num>
              <content>
                <p>	(a)	levy is imposed by <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> in respect of the import of an SGG by a licensee; and<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-b">
              <num>b</num>
              <content>
                <p><role refersTo="#minister">the Minister</role> is satisfied that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-i">
              <num>i</num>
              <content>
                <p>the licensee sold the SGG to another person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-ii">
              <num>ii</num>
              <content>
                <p>the other person exported the SGG <quantity refersTo="#deadline">within 12 months</quantity> (or such longer period as is prescribed by the regulations) after the import of the SGG; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-c">
              <num>c</num>
              <content>
                <p>the licensee applies to <role refersTo="#minister">the Minister</role>, in accordance with the regulations, for remission or refund of the whole or a part of the carbon charge component of the amount of the levy; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-d">
              <num>d</num>
              <content>
                <p>the application is accompanied by such information (if any) as is specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-e">
              <num>e</num>
              <content>
                <p>the application is accompanied by such documents (if any) as are specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AA__para-f">
              <num>f</num>
              <content>
                <p>	(f)	the licensee is not exempt from the carbon charge component of the amount of the levy (see <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>);<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-69AA__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	For the purposes of subsection (4), the <b><i>carbon charge component </i></b>of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AA__subclause-6">
              <num>6</num>
              <content>
                <p>The regulations may provide for verification by statutory declaration of statements in applications under subsection (4).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AA__subclause-7">
              <num>7</num>
              <content>
                <p>The regulations may authorise a licensee to assign a right to receive a refund under this section.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-69AB">
            <num>69AB</num>
            <heading>Remission and refund of import levy—SGG equipment</heading>
            <content>
              <p>Export by licensee</p>
              <p><role refersTo="#minister">the Minister</role> must, on behalf of the Commonwealth, remit or refund the whole or a part of the carbon charge component of the amount of the levy.</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>applicable charge</i></b> means the charge that was the applicable charge for the purposes of the application of subsection 4A(5) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> to the levy.</p>
              <p><b><i>carbon dioxide equivalence</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>.</p>
              <p>Export by purchaser</p>
              <p><role refersTo="#minister">the Minister</role> must, on behalf of the Commonwealth, remit or refund the whole or a part of the carbon charge component of the amount of the levy.</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>applicable charge</i></b> means the charge that was the applicable charge for the purposes of the application of subsection 4A(5) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> to the levy.</p>
              <p><b><i>carbon dioxide equivalence</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>.</p>
              <p>Assignment of right to receive refund</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-69AB__para-a">
              <num>a</num>
              <content>
                <p>	(a)	levy is imposed by <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> in respect of the import of SGG equipment by a licensee; and<ref href="#sec-4A">section 4A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-b">
              <num>b</num>
              <content>
                <p>the Minister is satisfied that the licensee exported the equipment <quantity refersTo="#deadline">within 12 months</quantity> (or such longer period as is prescribed by the regulations) after the import; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-c">
              <num>c</num>
              <content>
                <p>the licensee applies to <role refersTo="#minister">the Minister</role>, in accordance with the regulations, for remission or refund of the whole or a part of the carbon charge component of the amount of the levy; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-d">
              <num>d</num>
              <content>
                <p>the application is accompanied by such information (if any) as is specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-e">
              <num>e</num>
              <content>
                <p>the application is accompanied by such documents (if any) as are specified in the regulations;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	For the purposes of subsection (1), the <b><i>carbon charge component </i></b>of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	For the purposes of subsection (2), disregard an SGG that is used, or for use, for a purpose prescribed by regulations made for the purposes of subsection 4A(7) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-4">
              <num>4</num>
              <content>
                <p>The regulations may provide for verification by statutory declaration of statements in applications under subsection (1).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-5">
              <num>5</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-69AB__para-a">
              <num>a</num>
              <content>
                <p>	(a)	levy is imposed by <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i> in respect of the import of SGG equipment by a licensee; and<ref href="#sec-4A">section 4A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-b">
              <num>b</num>
              <content>
                <p><role refersTo="#minister">the Minister</role> is satisfied that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-i">
              <num>i</num>
              <content>
                <p>the licensee sold the equipment to another person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-ii">
              <num>ii</num>
              <content>
                <p>the other person exported the equipment <quantity refersTo="#deadline">within 12 months</quantity> (or such longer period as is prescribed by the regulations) after the import of the equipment; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-c">
              <num>c</num>
              <content>
                <p>the licensee applies to <role refersTo="#minister">the Minister</role>, in accordance with the regulations, for remission or refund of the whole or a part of the carbon charge component of the amount of the levy; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-d">
              <num>d</num>
              <content>
                <p>the application is accompanied by such information (if any) as is specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AB__para-e">
              <num>e</num>
              <content>
                <p>the application is accompanied by such documents (if any) as are specified in the regulations;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-6">
              <num>6</num>
              <content>
                <p>	(6)	For the purposes of subsection (5), the <b><i>carbon charge component </i></b>of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-7">
              <num>7</num>
              <content>
                <p>	(7)	For the purposes of subsection (6), disregard an SGG that is used, or for use, for a purpose prescribed by regulations made for the purposes of subsection 4A(7) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995</i>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-8">
              <num>8</num>
              <content>
                <p>The regulations may provide for verification by statutory declaration of statements in applications under subsection (5).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AB__subclause-9">
              <num>9</num>
              <content>
                <p>The regulations may authorise a licensee to assign a right to receive a refund under this section.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-69AC">
            <num>69AC</num>
            <heading>Remission and refund of manufacture levy—SGGs</heading>
            <content>
              <p>Export by licensee</p>
              <p><role refersTo="#minister">the Minister</role> must, on behalf of the Commonwealth, remit or refund the whole or a part of the carbon charge component of the amount of the levy.</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>applicable charge</i></b> means the charge that was the applicable charge for the purposes of the application of subsection 3A(5) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i> to the levy.</p>
              <p><b><i>carbon dioxide equivalence</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i>.</p>
              <p>Export by purchaser</p>
              <p><role refersTo="#minister">the Minister</role> must, on behalf of the Commonwealth, remit or refund the whole or a part of the carbon charge component of the amount of the levy.</p>
              <p>		</p>
              <p>where:</p>
              <p><b><i>applicable charge</i></b> means the charge that was the applicable charge for the purposes of the application of subsection 3A(5) of the <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i> to the levy.</p>
              <p><b><i>carbon dioxide equivalence</i></b> has the same meaning as in the <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i>.</p>
              <p>Assignment of right to receive refund</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-69AC__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-69AC__para-a">
              <num>a</num>
              <content>
                <p>	(a)	levy is imposed by <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i> in respect of the manufacture of an SGG by a licensee; and<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-b">
              <num>b</num>
              <content>
                <p>the Minister is satisfied that the licensee exported the SGG <quantity refersTo="#deadline">within 12 months</quantity> (or such longer period as is prescribed by the regulations) after the manufacture; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-c">
              <num>c</num>
              <content>
                <p>the licensee applies to <role refersTo="#minister">the Minister</role>, in accordance with the regulations, for remission or refund of the whole or a part of the carbon charge component of the amount of the levy; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-d">
              <num>d</num>
              <content>
                <p>the application is accompanied by such information (if any) as is specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-e">
              <num>e</num>
              <content>
                <p>the application is accompanied by such documents (if any) as are specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-f">
              <num>f</num>
              <content>
                <p>	(f)	the licensee is not exempt from the carbon charge component of the amount of the levy (see <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i>);<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-69AC__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	For the purposes of subsection (1), the <b><i>carbon charge component </i></b>of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AC__subclause-3">
              <num>3</num>
              <content>
                <p>The regulations may provide for verification by statutory declaration of statements in applications under subsection (1).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AC__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-69AC__para-a">
              <num>a</num>
              <content>
                <p>	(a)	levy is imposed by <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i> in respect of the manufacture of an SGG by a licensee; and<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-b">
              <num>b</num>
              <content>
                <p><role refersTo="#minister">the Minister</role> is satisfied that:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-i">
              <num>i</num>
              <content>
                <p>the licensee sold the SGG to another person; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-ii">
              <num>ii</num>
              <content>
                <p>the other person exported the SGG <quantity refersTo="#deadline">within 12 months</quantity> (or such longer period as is prescribed by the regulations) after the manufacture of the SGG; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-c">
              <num>c</num>
              <content>
                <p>the licensee applies to <role refersTo="#minister">the Minister</role>, in accordance with the regulations, for remission or refund of the whole or a part of the carbon charge component of the amount of the levy; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-d">
              <num>d</num>
              <content>
                <p>the application is accompanied by such information (if any) as is specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-e">
              <num>e</num>
              <content>
                <p>the application is accompanied by such documents (if any) as are specified in the regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-69AC__para-f">
              <num>f</num>
              <content>
                <p>	(f)	the licensee is not exempt from the carbon charge component of the amount of the levy (see <i>Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995</i>);<ref href="#sec-3A">section 3A</ref> of the </p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-69AC__subclause-5">
              <num>5</num>
              <content>
                <p>	(5)	For the purposes of subsection (4), the <b><i>carbon charge component </i></b>of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AC__subclause-6">
              <num>6</num>
              <content>
                <p>The regulations may provide for verification by statutory declaration of statements in applications under subsection (4).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-69AC__subclause-7">
              <num>7</num>
              <content>
                <p>The regulations may authorise a licensee to assign a right to receive a refund under this section.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-450A">
            <num>450A</num>
            <heading>Section 69B</heading>
            <content>
              <p>Omit “and the Framework Convention on Climate Change” (wherever occurring), substitute “, the Framework Convention on Climate Change and the Kyoto Protocol”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-451">
            <num>451</num>
            <heading>At the end of Schedule 1</heading>
            <content>
              <p>Add:</p>
              <p>Renewable Energy (Electricity) Act 2000</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-451A">
            <num>451A</num>
            <heading>Section 162</heading>
            <content>
              <p>Repeal the section, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-162">
            <num>162</num>
            <heading>Periodic reviews of operation of renewable energy legislation</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-1">
              <num>1</num>
              <content>
                <p>The Climate Change Authority must conduct reviews of the following:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-162__para-a">
              <num>a</num>
              <content>
                <p>the operation of this Act and the scheme constituted by this Act;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-b">
              <num>b</num>
              <content>
                <p>the operation of the regulations;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the operation of the <i>Renewable Energy (Electricity) (Large</i><i>-</i><i>scale Generation Shortfall Charge) Act 2000</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-d">
              <num>d</num>
              <content>
                <p>	(d)	the operation of the <i>Renewable Energy (Electricity) (Small</i><i>-</i><i>scale Technology Shortfall Charge) Act 2010</i>;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-e">
              <num>e</num>
              <content>
                <p>the diversity of renewable energy access to the scheme constituted by this Act, to be considered with reference to a cost benefit analysis of the environmental and economic impact of that access.</p>
              </content>
            </paragraph>
            <content>
              <p>Public consultation</p>
              <p>Report</p>
              <p>First review</p>
              <p>Subsequent reviews</p>
              <p>Recommendations</p>
              <p>Government response to recommendations</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-2">
              <num>2</num>
              <content>
                <p>In conducting a review, the Climate Change Authority must make provision for public consultation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-3">
              <num>3</num>
              <content>
                <p>The Climate Change Authority must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-162__para-a">
              <num>a</num>
              <content>
                <p>give <role refersTo="#minister">the Minister</role> a report of the review; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-b">
              <num>b</num>
              <content>
                <p>as soon as practicable after giving the report to <role refersTo="#minister">the Minister</role>, publish the report on the Climate Change Authority’s website.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-4">
              <num>4</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> must cause copies of a report under subsection (3) to be tabled in each House of the Parliament within 15 sitting days of that House after the review is completed.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-5">
              <num>5</num>
              <content>
                <p>The first review under subsection (1) must be completed before the end of <date date="2012-12-31">31 December 2012</date>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-6">
              <num>6</num>
              <content>
                <p>Each subsequent review under subsection (1) must be completed within 2 years after the deadline for completion of the previous review.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-7">
              <num>7</num>
              <content>
                <p>For the purposes of subsections (4), (5) and (6), a review is completed when the report of the review is given to <role refersTo="#minister">the Minister</role> under subsection (3).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-8">
              <num>8</num>
              <content>
                <p>A report of a review under subsection (1) may set out recommendations to the Commonwealth Government.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-9">
              <num>9</num>
              <content>
                <p>In formulating a recommendation that the Commonwealth Government should take particular action, the Climate Change Authority must analyse the costs and benefits of that action.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-10">
              <num>10</num>
              <content>
                <p>Subsection (9) does not prevent the Climate Change Authority from taking other matters into account in formulating a recommendation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-11">
              <num>11</num>
              <content>
                <p>A recommendation must not be inconsistent with the objects of this Act.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-12">
              <num>12</num>
              <content>
                <p>If a report of a review under subsection (1) sets out one or more recommendations to the Commonwealth Government, the report must set out the Climate Change Authority’s reasons for those recommendations.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-13">
              <num>13</num>
              <content>
                <p>If a report of a review under subsection (1) sets out one or more recommendations to the Commonwealth Government:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-162__para-a">
              <num>a</num>
              <content>
                <p>as soon as practicable after receiving the report, <role refersTo="#minister">the Minister</role> must cause to be prepared a statement setting out the Commonwealth Government’s response to each of the recommendations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-b">
              <num>b</num>
              <content>
                <p><quantity refersTo="#deadline">within 6 months</quantity> after receiving the report, the Minister must cause copies of the statement to be tabled in each House of the Parliament.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-162__subclause-14">
              <num>14</num>
              <content>
                <p>The Commonwealth Government’s response to the recommendations may have regard to the views of the following:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-162__para-a">
              <num>a</num>
              <content>
                <p>the Climate Change Authority;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-b">
              <num>b</num>
              <content>
                <p>the Regulator;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-162__para-c">
              <num>c</num>
              <content>
                <p>such other persons as <role refersTo="#minister">the Minister</role> considers relevant.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-452">
            <num>452</num>
            <heading>Application—registration and reports under the National Greenhouse and Energy Reporting Act 2007</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-452__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Despite the repeal of <i>National Greenhouse and Energy Reporting Act 2007 </i>by this Part, that section continues to apply after the commencement of this item, in relation to an application for deregistration that was made before the commencement of this item, as if that repeal had not happened.<ref href="#sec-18">section 18</ref> of the </p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-452__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Despite the amendment of paragraph 56(b) of the <i>National Greenhouse and Energy Reporting Act 2007 </i>made by this Part, that paragraph continues to apply after the commencement of this item, in relation to a decision under section 18 of that Act, as if that amendment had not been made.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-452__subclause-3">
              <num>3</num>
              <content>
                <p>(3)	The amendments of the <i>National Greenhouse and Energy Reporting Act 2007 </i>made by this Part, in so far as they are relevant to determining whether a controlling corporation’s group meets a threshold under section 13 of that Act for a financial year, apply in relation to a threshold for:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-452__para-a">
              <num>a</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-452__para-b">
              <num>b</num>
              <content>
                <p>a later financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-452__subclause-4">
              <num>4</num>
              <content>
                <p>(4)	The amendments of the <i>National Greenhouse and Energy Reporting Act 2007 </i>made by this Part, in so far as they relate to reports under section 19 of that Act, apply in relation to reports for:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-452__para-a">
              <num>a</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-452__para-b">
              <num>b</num>
              <content>
                <p>a later financial year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-1__clause-452__subclause-5">
              <num>5</num>
              <content>
                <p>(5)	The amendments of the <i>National Greenhouse and Energy Reporting Act 2007 </i>made by this Part, in so far as they relate to reports under section 22G of that Act, apply in relation to reports for:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-1__clause-452__para-a">
              <num>a</num>
              <content>
                <p>the financial year beginning on <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-1__clause-452__para-b">
              <num>b</num>
              <content>
                <p>a later financial year.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-453">
            <num>453</num>
            <heading>Application—civil penalty orders under the National Greenhouse and Energy Reporting Act 2007</heading>
            <content>
              <p>The amendments of <i>National Greenhouse and Energy Reporting Act 2007</i> made by this Part apply in relation to proceedings instituted after the commencement of this item.<ref href="#sec-31">section 31</ref> of the </p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-454">
            <num>454</num>
            <heading>Application—liability of executive officers under the National Greenhouse and Energy Reporting Act 2007</heading>
            <content>
              <p>The amendments of sections 47 and 48 of the <i>National Greenhouse and Energy Reporting Act 2007</i> made by this Part apply in relation to a contravention of a civil penalty provision that occurs after the commencement of this item.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-455">
            <num>455</num>
            <heading>Transitional—continuation of Register</heading>
            <content>
              <p>The National Greenhouse and Energy Register maintained under <i>National Greenhouse and Energy Reporting Act 2007</i> after the commencement of this item is, for all purposes, a continuation of the Register kept under section 16 of that Act immediately before the commencement of this item.<ref href="#sec-16">section 16</ref> of the </p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-456">
            <num>456</num>
            <heading>Application—section 13 of the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</heading>
            <content>
              <p>The amendments of <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> made by this Part apply in relation to imports that occur after the commencement of this item.<ref href="#sec-13">section 13</ref> of the </p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-457">
            <num>457</num>
            <heading>Application—civil penalty orders under the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</heading>
            <content>
              <p>The amendments of <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 </i>made by this Part apply to contraventions of civil penalty provisions that occur after the commencement of this item.<ref href="#sec-65A">section 65A</ref>C of the </p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-458">
            <num>458</num>
            <heading>Application—section 69 of the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</heading>
            <hcontainer name="subclause" eId="schedule-1__clause-458__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	Subsection 69(1) of the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> as amended by this Part applies in relation to levy for a quarter that begins at or after the commencement of this item.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-458__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	Despite the repeal of subsection 69(1) of the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> by this Part, that subsection continues to apply, in relation to levy for a quarter ending before the commencement of this item, as if that repeal had not happened.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-459">
            <num>459</num>
            <heading>Transitional—pre-charged equipment licences under the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</heading>
            <content>
              <p>Scope</p>
              <p>Effect</p>
            </content>
            <hcontainer name="subclause" eId="schedule-1__clause-459__subclause-1">
              <num>1</num>
              <content>
                <p>(1)	This item applies to a pre-charged equipment licence that was in force under the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> immediately before the commencement of this item.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-1__clause-459__subclause-2">
              <num>2</num>
              <content>
                <p>(2)	The pre-charged equipment licence has effect, after the commencement of this item, as if it were an ODS/SGG equipment licence in force under the <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> as amended by this Act.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-460">
            <num>460</num>
            <heading>Transitional—reports under the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 for pre-commencement quarters</heading>
            <content>
              <p>Despite the amendments of <i>Ozone Protection and Synthetic Greenhouse Gas Management Act 1989</i> made by this Part, that section continues to apply, in relation to a quarter ending before the commencement of this item, as if those amendments had not been made.<ref href="#sec-46">section 46</ref> of the </p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-1__clause-461">
            <num>461</num>
            <heading>Transitional—regulations</heading>
            <content>
              <p>The Governor-General may make regulations in relation to transitional matters arising out of the amendments made by this Part.</p>
            </content>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-2">
          <heading>Taxation amendments</heading>
          <content>
            <p>A New Tax System (Goods and Services Tax) Act 1999</p>
          </content>
          <hcontainer name="clause" eId="schedule-2__clause-1">
            <num>1</num>
            <heading>At the end of Division 38</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-38-590">
            <num>38-590</num>
            <heading>Eligible emissions units</heading>
            <content>
              <p>		A supply of an *eligible emissions unit is <b><i>GST</i></b><b><i>-</i></b><b><i>free</i></b>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-2">
            <num>2</num>
            <heading>Section 195-1</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>eligible emissions unit</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
              <p>Income Tax Assessment Act 1936</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-3">
            <num>3</num>
            <heading>Subsection 136AB(2)</heading>
            <content>
              <p>Omit “<ref href="#sec-70">section 70</ref>-20”, substitute “sections 70-20, 420-20 and 420-30”.</p>
              <p>Income Tax Assessment Act 1997</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-4">
            <num>4</num>
            <heading>Section 10-5 (after table item headed “recoupment”)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-5">
            <num>5</num>
            <heading>Section 12-5 (after table item headed “children’s income”)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-6">
            <num>6</num>
            <heading>Section 12-5 (after table item headed “regional headquarters (RHQs)”)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-7">
            <num>7</num>
            <heading>Subsection 20-30(1) (after table item 1.27)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-8">
            <num>8</num>
            <heading>After section 26-17</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-26-18">
            <num>26-18</num>
            <heading>Unit shortfall charge—clean energy</heading>
            <content>
              <p>		You cannot deduct under this Act unit shortfall charge (within the meaning of the <i>Clean Energy Act 2011</i>).</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-9">
            <num>9</num>
            <heading>Section 67-23 (after table item 23)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-10">
            <num>10</num>
            <heading>At the end of Subdivision 70-A</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-70-12">
            <num>70-12</num>
            <heading>Registered emissions units</heading>
            <content>
              <p>A *registered emissions unit is not *trading stock.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-11">
            <num>11</num>
            <heading>At the end of section 70-30 (before the note)</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-11__subclause-6">
              <num>6</num>
              <content>
                <p>Subsection (1) does not apply if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-11__para-a">
              <num>a</num>
              <content>
                <p>you start holding an item as *trading stock; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-11__para-b">
              <num>b</num>
              <content>
                <p>immediately before you started holding the item as trading stock, you *held the item as a *registered emissions unit.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-12">
            <num>12</num>
            <heading>Section 70-110</heading>
            <content>
              <p>Before “If you stop”, insert “(1)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-13">
            <num>13</num>
            <heading>At the end of section 70-110 (after example 2, before the note)</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-13__subclause-2">
              <num>2</num>
              <content>
                <p>This section does not apply if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-13__para-a">
              <num>a</num>
              <content>
                <p>you stop holding an item as *trading stock; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-13__para-b">
              <num>b</num>
              <content>
                <p>immediately after you stopped holding the item as trading stock, you start to *hold the item as a *registered emissions unit.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-14">
            <num>14</num>
            <heading>Section 104-5 (before table item relating to CGT event K2)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-15">
            <num>15</num>
            <heading>Before section 104-210</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-104-205">
            <num>104-205</num>
            <heading>Incoming international transfer of emissions unit: CGT event K1</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-104-205__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	<b><i>CGT event K1</i></b> happens if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-104-205__para-a">
              <num>a</num>
              <content>
                <p>any of the following conditions is satisfied:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-i">
              <num>i</num>
              <content>
                <p>	(i)	a *carbon unit is transferred from your foreign account (within the meaning of the <i>Clean Energy Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	a *carbon unit is transferred from your nominee’s foreign account (within the meaning of the <i>Clean Energy Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	an *international emissions unit is transferred from your foreign account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) to your Registry account (within the meaning of that Act) or your nominee’s Registry account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-iv">
              <num>iv</num>
              <content>
                <p>	(iv)	an *international emissions unit is transferred from your nominee’s foreign account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) to your Registry account (within the meaning of that Act) or your nominee’s Registry account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-v">
              <num>v</num>
              <content>
                <p>	(v)	an *Australian carbon credit unit is transferred from your foreign account (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-vi">
              <num>vi</num>
              <content>
                <p>	(vi)	an *Australian carbon credit unit is transferred from your nominee’s foreign account (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-b">
              <num>b</num>
              <content>
                <p>as a result of the transfer, you start to *hold the unit as a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-104-205__para-c">
              <num>c</num>
              <content>
                <p>just before the transfer, the unit was neither your *trading stock nor your *revenue asset.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-104-205__subclause-2">
              <num>2</num>
              <content>
                <p>The time of the event is when you start to *hold the unit as a *registered emissions unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-104-205__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	You make a <b><i>capital gain</i></b> if the unit’s *market value (just before you started to *hold the unit as a *registered emissions unit) is <i>more</i> than its *cost base. You make a<b><i> capital loss</i></b> if that market value is <i>less</i> than its *reduced cost base.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-15A">
            <num>15A</num>
            <heading>Section 109-60 (table item 11)</heading>
            <content>
              <p>Omit “70-110(b)”, substitute “70-110(1)(b)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-15B">
            <num>15B</num>
            <heading>Section 112-97 (table item 1)</heading>
            <content>
              <p>Omit “70-110(b)”, substitute “70-110(1)(b)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-16">
            <num>16</num>
            <heading>Section 112-97 (after table item 18)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-17">
            <num>17</num>
            <heading>After section 118-13</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-118-15">
            <num>118-15</num>
            <heading>Registered emissions units</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-118-15__subclause-1">
              <num>1</num>
              <content>
                <p>A *capital gain or *capital loss you make from a *registered emissions unit is disregarded.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-118-15__subclause-2">
              <num>2</num>
              <content>
                <p>A *capital gain or *capital loss you make from a right to receive a *free carbon unit is disregarded.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-118-15__subclause-3">
              <num>3</num>
              <content>
                <p>A *capital gain or *capital loss you make from a right to receive an *Australian carbon credit unit is disregarded.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-18">
            <num>18</num>
            <heading>Subsection 122-25(2) (paragraph (d) of the cell at table item 1, column headed “This Subdivision does not apply to:”)</heading>
            <content>
              <p>Omit “creation”, substitute “creation; or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-19">
            <num>19</num>
            <heading>Subsection 122-25(2) (at the end of the cell at table item 1, column headed “This Subdivision does not apply to:”)</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-20">
            <num>20</num>
            <heading>Subsection 122-25(2) (paragraph (c) of the cell at table item 2, column headed “This Subdivision does not apply to:”)</heading>
            <content>
              <p>Omit “disposed of it)”, substitute “disposed of it); or”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-21">
            <num>21</num>
            <heading>Subsection 122-25(2) (at the end of the cell at table item 2, column headed “This Subdivision does not apply to:”)</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-22">
            <num>22</num>
            <heading>At the end of subsection 122-25(3)</heading>
            <content>
              <p>Add:</p>
              <p>; or (d)	a *registered emissions unit.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-23">
            <num>23</num>
            <heading>At the end of section 124-75</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-23__subclause-6">
              <num>6</num>
              <content>
                <p>The other asset cannot become a *registered emissions unit *held by you just after you *acquire it.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-23A">
            <num>23A</num>
            <heading>At the end of subsection 124-80(2)</heading>
            <content>
              <p>Add “nor can it be a *registered emissions unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-24">
            <num>24</num>
            <heading>Subsection 126-50(2)</heading>
            <content>
              <p>Omit all the words after “not”, substitute:</p>
              <p>be:</p>
            </content>
            <paragraph eId="schedule-2__clause-24__para-a">
              <num>a</num>
              <content>
                <p>*trading stock of the recipient company just after the time of the trigger event; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-24__para-b">
              <num>b</num>
              <content>
                <p>a *registered emissions unit *held by the recipient company just after the time of the trigger event.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-25">
            <num>25</num>
            <heading>After subsection 126-50(3)</heading>
            <content>
              <p>Insert:</p>
              <p>the other asset cannot become a *registered emissions unit *held by the recipient company just after the recipient company acquired it.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-25__subclause-3A">
              <num>3A</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-25__para-a">
              <num>a</num>
              <content>
                <p>the roll-over asset is an option referred to in <ref href="#dvs-134">Division 134</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-25__para-b">
              <num>b</num>
              <content>
                <p>the recipient company *acquires another *CGT asset by exercising the option;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-26">
            <num>26</num>
            <heading>At the end of Subdivision 230-H</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-230-481">
            <num>230-481</num>
            <heading>Registered emissions units</heading>
            <content>
              <p>A *registered emissions unit is exempt from this Division.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-27">
            <num>27</num>
            <heading>At the end of Division 385</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-175">
            <num>385-175</num>
            <heading>Refundable tax offset for conservation tillage</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-385-175__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	You are entitled to a *tax offset under this section (the <b><i>conservation tillage offset</i></b>) for an income year in respect of a *depreciating asset if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-175__para-a">
              <num>a</num>
              <content>
                <p>the asset is an *eligible no-till seeder; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-b">
              <num>b</num>
              <content>
                <p>the income year is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-i">
              <num>i</num>
              <content>
                <p>the 2012-13 income year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-ii">
              <num>ii</num>
              <content>
                <p>the 2013-14 income year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-iii">
              <num>iii</num>
              <content>
                <p>the 2014-15 income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-c">
              <num>c</num>
              <content>
                <p>at a particular time during the income year, you:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-i">
              <num>i</num>
              <content>
                <p>start to use the asset to carry on a *primary production business (without previously having the asset *installed ready for use); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-ii">
              <num>ii</num>
              <content>
                <p>have the asset installed ready for use to carry on a primary production business; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-d">
              <num>d</num>
              <content>
                <p>at the time mentioned in paragraph (c), you *hold the asset; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-e">
              <num>e</num>
              <content>
                <p>the time mentioned in paragraph (c) is not:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-i">
              <num>i</num>
              <content>
                <p>before <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-ii">
              <num>ii</num>
              <content>
                <p>after <date date="2015-06-30">30 June 2015</date>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-f">
              <num>f</num>
              <content>
                <p>the *Agriculture Secretary has issued a Research Participation Certificate to you under <ref href="#sec-385">section 385</ref>-190 for the income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-g">
              <num>g</num>
              <content>
                <p>you claim the offset in your *income tax return for the income year.</p>
              </content>
            </paragraph>
            <content>
              <p>Note:	The conservation tillage offset is a refundable tax offset: see <ref href="#sec-67">section 67</ref>-23.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-385-175__subclause-2">
              <num>2</num>
              <content>
                <p>You are not entitled to the conservation tillage offset if the *depreciating asset has, at any time before the time mentioned in paragraph (1)(c), been used, or *installed ready for use, by:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-175__para-a">
              <num>a</num>
              <content>
                <p>you; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-175__para-b">
              <num>b</num>
              <content>
                <p>any other entity.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-180">
            <num>385-180</num>
            <heading>Amount of the conservation tillage offset</heading>
            <content>
              <p>The amount of the conservation tillage offset is 15% of the *cost of the *depreciating asset.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-185">
            <num>385-185</num>
            <heading>Application for Research Participation Certificate</heading>
            <content>
              <p>Application</p>
              <p>Form of application</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-385-185__subclause-1">
              <num>1</num>
              <content>
                <p>An entity may apply to the *Agriculture Secretary for the issue of a Research Participation Certificate to the entity for an income year under <ref href="#sec-385">section 385</ref>-190.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-185__subclause-2">
              <num>2</num>
              <content>
                <p>The application must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-185__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-185__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved, in writing, by the *Agriculture Secretary.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-190">
            <num>385-190</num>
            <heading>Issue of Research Participation Certificate</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-385-190__subclause-1">
              <num>1</num>
              <content>
                <p>The *Agriculture Secretary must issue a written certificate to an entity for an income year if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-190__para-a">
              <num>a</num>
              <content>
                <p>the entity has made an application under <ref href="#sec-385">section 385</ref>-185 in relation to the income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-b">
              <num>b</num>
              <content>
                <p>the Agriculture Secretary is satisfied that the entity has, at any time during the income year, completed a conservation tillage survey; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-c">
              <num>c</num>
              <content>
                <p>the time mentioned in paragraph (b) is not:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-i">
              <num>i</num>
              <content>
                <p>before <date date="2012-07-01">1 July 2012</date>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-ii">
              <num>ii</num>
              <content>
                <p>after <date date="2015-06-30">30 June 2015</date>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-385-190__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	A certificate under this section is to be known as a <b><i>Research Participation Certificate</i></b>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-190__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	For the purposes of this section, a <b><i>conservation tillage survey</i></b> is a survey:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-190__para-a">
              <num>a</num>
              <content>
                <p>conducted by the *Agriculture Secretary; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-b">
              <num>b</num>
              <content>
                <p>that relates to:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-i">
              <num>i</num>
              <content>
                <p>farming practices; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-ii">
              <num>ii</num>
              <content>
                <p>climate change.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-385-190__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	For the purposes of this section, an entity <b><i>completes</i></b> a conservation tillage survey if the entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-190__para-a">
              <num>a</num>
              <content>
                <p>fills up and supplies, in accordance with the instructions set out in the relevant survey form, the information specified in the survey form; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-190__para-b">
              <num>b</num>
              <content>
                <p>gives the filled-up survey form to a person specified in the instructions.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-195">
            <num>385-195</num>
            <heading>Notice of refusal to issue Research Participation Certificate</heading>
            <content>
              <p>If:</p>
              <p>the Agriculture Secretary must give the applicant written notice of the decision (including reasons for the decision).</p>
            </content>
            <paragraph eId="schedule-2__clause-385-195__para-a">
              <num>a</num>
              <content>
                <p>an entity makes an application under <ref href="#sec-385">section 385</ref>-185 for the issue of a Research Participation Certificate to the entity for an income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-195__para-b">
              <num>b</num>
              <content>
                <p>the *Agriculture Secretary decides not to issue a Research Participation Certificate under <ref href="#sec-385">section 385</ref>-190 to the applicant for the income year;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-200">
            <num>385-200</num>
            <heading>Revocation of Research Participation Certificate</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-385-200__subclause-1">
              <num>1</num>
              <content>
                <p>The *Agriculture Secretary may revoke a Research Participation Certificate issued to an entity under <ref href="#sec-385">section 385</ref>-190 if the Agriculture Secretary is satisfied that the issue of the certificate was obtained by fraud or serious misrepresentation.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-200__subclause-2">
              <num>2</num>
              <content>
                <p>If the *Agriculture Secretary revokes a Research Participation Certificate under subsection (1), the Agriculture Secretary must give the entity to whom the certificate was issued written notice of the revocation (including reasons for the decision to revoke the certificate).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-200__subclause-3">
              <num>3</num>
              <content>
                <p>If a certificate is revoked under subsection (1), it is taken, for the purposes of this Subdivision, never to have been issued.</p>
              </content>
            </hcontainer>
            <content>
              <p>Note:	This means that if an assessment of an entity’s income tax is issued on the basis that the entity is entitled to a conservation tillage offset and the Research Participation Certificate is then revoked, the assessment will be amended to take account of the fact that the entity was never entitled to conservation tillage offset: see <ref href="#sec-385">section 385</ref>-220.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-385-200__subclause-4">
              <num>4</num>
              <content>
                <p>Subsection (3) does not apply for the purposes of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-200__para-a">
              <num>a</num>
              <content>
                <p>the operation of this section or <ref href="#sec-385">section 385</ref>-210; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-200__para-b">
              <num>b</num>
              <content>
                <p>a review by a court or the *AAT of the decision to revoke the Research Participation Certificate.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-205">
            <num>385-205</num>
            <heading>Notification relating to Research Participation Certificate</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-385-205__subclause-1">
              <num>1</num>
              <content>
                <p>The *Agriculture Secretary must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-205__para-a">
              <num>a</num>
              <content>
                <p>give <role refersTo="#commissioner">the Commissioner</role> written notice of the issue of a Research Participation Certificate to an entity; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-205__para-b">
              <num>b</num>
              <content>
                <p>do so <quantity refersTo="#deadline">within 30 days</quantity> after issuing the certificate.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-385-205__subclause-2">
              <num>2</num>
              <content>
                <p>The *Agriculture Secretary must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-205__para-a">
              <num>a</num>
              <content>
                <p>give <role refersTo="#commissioner">the Commissioner</role> written notice of the revocation of a Research Participation Certificate issued to an entity; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-205__para-b">
              <num>b</num>
              <content>
                <p>do so <quantity refersTo="#deadline">within 30 days</quantity> after revoking the certificate.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-385-205__subclause-3">
              <num>3</num>
              <content>
                <p>A notice under subsection (1) or (2) must specify:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-205__para-a">
              <num>a</num>
              <content>
                <p>the income year to which the Research Participation Certificate relates; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-205__para-b">
              <num>b</num>
              <content>
                <p>the date of issue of the Research Participation Certificate; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-205__para-c">
              <num>c</num>
              <content>
                <p>the name of the entity; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-205__para-d">
              <num>d</num>
              <content>
                <p>if the entity has an *ABN—the ABN; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-205__para-e">
              <num>e</num>
              <content>
                <p>such other matters (if any) as the *Agriculture Secretary considers should be reported to <role refersTo="#commissioner">the Commissioner</role>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-385-205__subclause-4">
              <num>4</num>
              <content>
                <p>A notice under subsection (1) or (2) must be accompanied by a copy of the Research Participation Certificate concerned.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-210">
            <num>385-210</num>
            <heading>Notice of decision or determination</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-385-210__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to a notice of a decision given under <ref href="#sec-385">section 385</ref>-195 (refusal to issue a Research Participation Certificate) or 385-200 (revocation of a Research Participation Certificate).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-210__subclause-2">
              <num>2</num>
              <content>
                <p>The notice of the decision or determination is to include the statements set out in subsections (3) and (4).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-210__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	There must be a statement to the effect that, subject to the <i>Administrative Appeals Tribunal Act 1975</i>, an application may be made to the *AAT, by (or on behalf of) any entity whose interests are affected by the decision or determination, for review of the decision or determination.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-210__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	There must also be a statement to the effect that a request may be made under <i>Administrative Appeals Tribunal Act 1975</i> by (or on behalf of) such an entity for a statement:<ref href="#sec-28">section 28</ref> of the </p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-385-210__para-a">
              <num>a</num>
              <content>
                <p>setting out the findings on material questions of fact; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-210__para-b">
              <num>b</num>
              <content>
                <p>referring to the evidence or other material on which those findings were based; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-210__para-c">
              <num>c</num>
              <content>
                <p>giving the reasons for the decision or determination;</p>
              </content>
            </paragraph>
            <content>
              <p>except where subsection 28(4) of that Act applies.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-385-210__subclause-5">
              <num>5</num>
              <content>
                <p>If the *Agriculture Secretary fails to comply with subsection (3) or (4), that failure does not affect the validity of the decision or determination.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-215">
            <num>385-215</num>
            <heading>Review of decisions by the Administrative Appeals Tribunal</heading>
            <content>
              <p>Applications may be made to the *AAT for review of:</p>
            </content>
            <paragraph eId="schedule-2__clause-385-215__para-a">
              <num>a</num>
              <content>
                <p>a decision made by the *Agriculture Secretary to refuse an application for a Research Participation Certificate under <ref href="#sec-385">section 385</ref>-190; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-215__para-b">
              <num>b</num>
              <content>
                <p>a decision made by the Agriculture Secretary under <ref href="#sec-385">section 385</ref>-200 to revoke a Research Participation Certificate.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-220">
            <num>385-220</num>
            <heading>Amendment of assessments</heading>
            <content>
              <p>		Section 170 of the <i>Income Tax Assessment Act 1936</i> does not prevent the amendment of an assessment for the purposes of giving effect to this Subdivision for an income year if:</p>
              <p>Note:	Section 170 of that Act specifies the periods within which assessments may be amended.</p>
            </content>
            <paragraph eId="schedule-2__clause-385-220__para-a">
              <num>a</num>
              <content>
                <p>a Research Participation Certificate issued to an entity for an income year is revoked under <ref href="#sec-385">section 385</ref>-200 after the time the entity lodged its *income tax return for the income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-220__para-b">
              <num>b</num>
              <content>
                <p>the amendment is made at any time during the period of 4 years starting immediately after the revocation of the Research Participation Certificate.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-225">
            <num>385-225</num>
            <heading>Evidentiary certificate</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-385-225__subclause-1">
              <num>1</num>
              <content>
                <p>If requested to do so by <role refersTo="#commissioner">the Commissioner</role>, the *Agriculture Secretary may, by writing, certify that a specified asset is an *eligible no-till seeder.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-225__subclause-2">
              <num>2</num>
              <content>
                <p>In any proceedings arising out of this Subdivision, a certificate under subsection (1) is prima facie evidence of the matter certified.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-385-225__subclause-3">
              <num>3</num>
              <content>
                <p>A document purporting to be a certificate under subsection (1) must, unless the contrary is established, be taken to be such a certificate and to have been properly given.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-230">
            <num>385-230</num>
            <heading>Delegation by Agriculture Secretary</heading>
            <content>
              <p>The *Agriculture Secretary may, by writing, delegate any or all of his or her functions and powers under this Subdivision to an SES employee, or acting SES employee, in the *Agriculture Department.</p>
              <p>Note:	The expressions <b><i>SES employee</i></b> and <b><i>acting SES employee</i></b> are defined in the <i>Acts Interpretation Act 1901</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-385-235">
            <num>385-235</num>
            <heading>Eligible no-till seeder</heading>
            <content>
              <p>		An <b><i>eligible no</i></b><b><i>-</i></b><b><i>till seeder</i></b> is a no-till seeder (comprising the combination of cart and tool) that is:</p>
              <p>For the purposes of paragraph (a) and subparagraph (c)(ii), each of the following points are taken to be minimum tillage points designed to achieve minimum soil disturbance and less than full cut-out:</p>
            </content>
            <paragraph eId="schedule-2__clause-385-235__para-a">
              <num>a</num>
              <content>
                <p>a tine machine fitted with minimum tillage points designed to achieve minimum soil disturbance and less than full cut-out; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-b">
              <num>b</num>
              <content>
                <p>a disc opener with single, double or triple disc blades designed to achieve minimum soil disturbance and less than full cut-out; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-c">
              <num>c</num>
              <content>
                <p>a disc/tine hybrid machine fitted with:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-i">
              <num>i</num>
              <content>
                <p>single, double or triple disc blades designed to achieve minimum soil disturbance and less than full cut-out; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-ii">
              <num>ii</num>
              <content>
                <p>minimum tillage points designed to achieve minimum soil disturbance and less than full cut-out; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-d">
              <num>d</num>
              <content>
                <p>a disc/blade hybrid machine fitted with:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-i">
              <num>i</num>
              <content>
                <p>single, double or triple disc blades designed to achieve minimum soil disturbance and less than full cut-out; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-ii">
              <num>ii</num>
              <content>
                <p>blades designed to achieve minimum soil disturbance and less than full cut-out.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-e">
              <num>e</num>
              <content>
                <p>narrow points;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-f">
              <num>f</num>
              <content>
                <p>knife points;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-385-235__para-g">
              <num>g</num>
              <content>
                <p>inverted “T” points.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-28">
            <num>28</num>
            <heading>After Part 3-45</heading>
            <content>
              <p>Insert:</p>
              <p>Table of Subdivisions</p>
              <p>Guide to <ref href="#dvs-420">Division 420</ref></p>
              <p>420-A	Registered emissions units</p>
              <p>420-B	Acquiring registered emissions units</p>
              <p>420-C	Disposing of registered emissions units etc.</p>
              <p>420-D	Accounting for registered emissions units you hold at the start or end of the income year</p>
              <p>420-E	Exclusivity of Division</p>
              <p>Guide to <ref href="#dvs-420">Division 420</ref></p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-1">
            <num>420-1</num>
            <heading>What this Division is about</heading>
            <content>
              <p>This Division deals with amounts you can deduct, and amounts included in your assessable income, because of these situations:</p>
              <p>•	you acquire a registered emissions unit;</p>
              <p>•	you hold a registered emissions unit at the start or the end of the income year;</p>
              <p>•	you dispose of a registered emissions unit.</p>
              <p>Table of sections</p>
              <p>420-5	The 4 key features of tax accounting for registered emissions units</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-5">
            <num>420-5</num>
            <heading>The 4 key features of tax accounting for registered emissions units</heading>
            <content>
              <p>The purpose of income tax accounting for registered emissions units is to produce the same tax treatment, irrespective of your purpose in acquiring or holding the registered emissions units.</p>
              <p>There are 4 key features:</p>
              <p>Table of sections</p>
              <p>420-10	Meaning of registered emissions unit</p>
              <p>420-12	Meaning of hold a registered emissions unit</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-5__subclause-1">
              <num>1</num>
              <content>
                <p>You bring your gross expenditure and gross proceeds to account, not your net profits and losses on disposal of a registered emissions unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-5__subclause-2">
              <num>2</num>
              <content>
                <p>The gross expenditure is deductible.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-5__subclause-3">
              <num>3</num>
              <content>
                <p>The gross proceeds are assessable income.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-5__subclause-4">
              <num>4</num>
              <content>
                <p>You must bring to account any difference between the value of your registered emissions units held at the start and at the end of the income year. This is done in such a way that:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-5__para-a">
              <num>a</num>
              <content>
                <p>any increase in value is included in assessable income; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-5__para-b">
              <num>b</num>
              <content>
                <p>any decrease in value is a deduction.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-10">
            <num>420-10</num>
            <heading>Meaning of registered emissions unit</heading>
            <content>
              <p>A<b><i> registered emissions unit </i></b>is:</p>
              <p>for which there is an entry in a Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>).</p>
            </content>
            <paragraph eId="schedule-2__clause-420-10__para-a">
              <num>a</num>
              <content>
                <p>a *carbon unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-10__para-b">
              <num>b</num>
              <content>
                <p>a *Kyoto unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-10__para-c">
              <num>c</num>
              <content>
                <p>a *prescribed international unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-10__para-d">
              <num>d</num>
              <content>
                <p>an *Australian carbon credit unit;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-12">
            <num>420-12</num>
            <heading>Meaning of hold a registered emissions unit</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-12__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	You <b><i>hold</i></b> a *registered emissions unit if you are the entity in whose Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) there is an entry for the unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-12__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	However, if the entity (the <b><i>nominee entity</i></b>) in whose Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) there is an entry for a *registered emissions unit holds the unit as nominee for another entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-12__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the other entity is taken to <b><i>hold</i></b> the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-12__para-b">
              <num>b</num>
              <content>
                <p>the nominee entity is taken not to hold the unit.</p>
              </content>
            </paragraph>
            <content>
              <p>Table of sections</p>
              <p>420-15	What you can deduct</p>
              <p>420-20	Non-arm’s length transactions and transactions with associates</p>
              <p>420-21	Incoming international transfers of emissions units</p>
              <p>420-22	Becoming taxable in Australia on the proceeds of sale of registered emissions units</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-15">
            <num>420-15</num>
            <heading>What you can deduct</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-15__subclause-1">
              <num>1</num>
              <content>
                <p>You can deduct expenditure to the extent that you incur it in becoming the *holder of a *registered emissions unit.</p>
              </content>
            </hcontainer>
            <content>
              <p>Note:	A carbon unit is an example of a registered emissions unit. You can become the holder of a carbon unit as a result of the unit being issued to you under the <i>Clean Energy Act 2011</i> or as a result of your acquisition of the unit from another entity.</p>
              <p>Timing</p>
              <p>Free carbon units</p>
              <p>Australian carbon credit units</p>
              <p>No deduction if sale proceeds would not be assessable</p>
              <p>Note:	Under the <i>International Tax Agreements Act 1953</i>, for some foreign residents, the proceeds of the sale of a registered emissions unit are not assessable income in Australia.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-15__subclause-2">
              <num>2</num>
              <content>
                <p>You deduct the expenditure in the income year in which you start to *hold the *registered emissions unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-15__subclause-3">
              <num>3</num>
              <content>
                <p>You cannot deduct under this section expenditure you incur in becoming the *holder of a *carbon unit issued to you in accordance with:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-15__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the Jobs and Competitiveness Program (within the meaning of the <i>Clean Energy Act 2011</i>); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-15__para-b">
              <num>b</num>
              <content>
                <p><ref href="#part-8">Part 8</ref> (coal-fired electricity generation) of that Act.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-15__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	You cannot deduct under this section expenditure you incur in becoming the *holder of an *Australian carbon credit unit issued to you in accordance with the <i>Carbon Credits (Carbon Farming Initiative) Act 2011 </i>unless you incur the expenditure in preparing or lodging:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-15__para-a">
              <num>a</num>
              <content>
                <p>an application for a certificate of entitlement (within the meaning of that Act); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-15__para-b">
              <num>b</num>
              <content>
                <p>an offsets report (within the meaning of that Act).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-15__subclause-5">
              <num>5</num>
              <content>
                <p>You cannot deduct under this section expenditure you incur in becoming the *holder of a *registered emissions unit if, assuming that you had sold the unit to someone else immediately after you started to *hold the unit, the proceeds of the sale would not have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-20">
            <num>420-20</num>
            <heading>Non-arm’s length transactions and transactions with associates</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-20__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-20__para-a">
              <num>a</num>
              <content>
                <p>an entity becomes the *holder of a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-20__para-b">
              <num>b</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-20__para-i">
              <num>i</num>
              <content>
                <p>the entity and the previous holder of the unit did not deal with each other at arm’s length; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-20__para-ii">
              <num>ii</num>
              <content>
                <p>the previous holder is the entity’s *associate; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-20__para-c">
              <num>c</num>
              <content>
                <p>the entity did not pay or give consideration equal to the *market value of the unit for becoming the holder of the unit;</p>
              </content>
            </paragraph>
            <content>
              <p>the entity is treated as if:</p>
              <p>Note:	In the application of <i>Income Tax Assessment Act 1936 </i>(about international transfer-pricing arrangements), this section is disregarded—see subsection 136AB(2) of the <i>Income Tax Assessment Act 1936</i>.<ref href="#dvs-13">Division 13</ref> of <ref href="#part-II">Part II</ref>I of the </p>
            </content>
            <paragraph eId="schedule-2__clause-420-20__para-d">
              <num>d</num>
              <content>
                <p>the entity had incurred expenditure in becoming the holder of the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-20__para-e">
              <num>e</num>
              <content>
                <p>the amount of the expenditure were equal to that market value.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-20__subclause-2">
              <num>2</num>
              <content>
                <p>This section does not apply if a *registered emissions unit *held by an individual just before the individual’s death:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-20__para-a">
              <num>a</num>
              <content>
                <p>devolves to the individual’s *legal personal representative; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-20__para-b">
              <num>b</num>
              <content>
                <p>*passes to a beneficiary in the individual’s estate.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-20__subclause-3">
              <num>3</num>
              <content>
                <p>This section does not apply to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-20__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the issue of a *carbon unit under the <i>Clean Energy Act 2011</i>; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-20__para-b">
              <num>b</num>
              <content>
                <p>	(b)	the issue of an *Australian carbon credit unit under the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-21">
            <num>420-21</num>
            <heading>Incoming international transfers of emissions units</heading>
            <content>
              <p>Unit held as trading stock or as a revenue asset</p>
              <p>you are treated as if:</p>
              <p>Example:	An Australian resident company carries on a business of trading in emissions units. The units are trading stock. The company owns 10,000 emission reduction units (a type of international emissions unit) that are registered in New Zealand. 5,000 of those emission reduction units are transferred from the company’s New Zealand registry account to the company’s Australian registry account.</p>
              <p>The company is treated as having sold each unit to someone else at its cost just before it became a registered emissions unit. As the unit was previously held as trading stock, the unit ceases to be trading stock (<ref href="#sec-70">section 70</ref>-12). The cost of the unit just before it became a registered emissions unit is included in the company’s assessable income.</p>
              <p>The company is also treated as having bought 5,000 registered emissions units for the same amount. The company is entitled to a deduction for that amount (<ref href="#sec-420">section 420</ref>-15).</p>
              <p>Unit held otherwise than as trading stock or as a revenue asset</p>
              <p>you are treated as if:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-21__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-21__para-a">
              <num>a</num>
              <content>
                <p>any of the following conditions is satisfied:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-i">
              <num>i</num>
              <content>
                <p>	(i)	a *carbon unit is transferred from your foreign account (within the meaning of the <i>Clean Energy Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	a carbon unit is transferred from your nominee’s foreign account (within the meaning of the <i>Clean Energy Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	an *international emissions unit is transferred from your foreign account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) to your Registry account (within the meaning of that Act) or your nominee’s Registry account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-iv">
              <num>iv</num>
              <content>
                <p>	(iv)	an international emissions unit is transferred from your nominee’s foreign account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) to your Registry account (within the meaning of that Act) or your nominee’s Registry account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-v">
              <num>v</num>
              <content>
                <p>	(v)	an *Australian carbon credit unit is transferred from your foreign account (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-vi">
              <num>vi</num>
              <content>
                <p>	(vi)	an Australian carbon credit unit is transferred from your nominee’s foreign account (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-b">
              <num>b</num>
              <content>
                <p>as a result of the transfer, you start to *hold the unit as a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-c">
              <num>c</num>
              <content>
                <p>just before the transfer, the unit was your *trading stock or *revenue asset;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-d">
              <num>d</num>
              <content>
                <p>just before the transfer, you had sold the unit to someone else for its *cost; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-e">
              <num>e</num>
              <content>
                <p>you had, immediately after the sale, bought it back as a registered emissions unit for the same amount.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-21__subclause-2">
              <num>2</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-21__para-a">
              <num>a</num>
              <content>
                <p>any of the following conditions is satisfied:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-i">
              <num>i</num>
              <content>
                <p>	(i)	a *carbon unit is transferred from your foreign account (within the meaning of the <i>Clean Energy Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	a carbon unit is transferred from your nominee’s foreign account (within the meaning of the <i>Clean Energy Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	an *international emissions unit is transferred from your foreign account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) to your Registry account (within the meaning of that Act) or your nominee’s Registry account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-iv">
              <num>iv</num>
              <content>
                <p>	(iv)	an international emissions unit is transferred from your nominee’s foreign account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) to your Registry account (within the meaning of that Act) or your nominee’s Registry account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-v">
              <num>v</num>
              <content>
                <p>	(v)	an *Australian carbon credit unit is transferred from your foreign account (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-vi">
              <num>vi</num>
              <content>
                <p>	(vi)	an Australian carbon credit unit is transferred from your nominee’s foreign account (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>) to your Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-b">
              <num>b</num>
              <content>
                <p>as a result of the transfer, you start to *hold the unit as a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-c">
              <num>c</num>
              <content>
                <p>just before the transfer, the unit was neither your *trading stock nor your *revenue asset;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-d">
              <num>d</num>
              <content>
                <p>just before the transfer, you had sold the unit to someone else for its *market value just before the transfer; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-21__para-e">
              <num>e</num>
              <content>
                <p>you had, immediately after the sale, bought it back as a registered emissions unit for the same amount.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-22">
            <num>420-22</num>
            <heading>Becoming taxable in Australia on the proceeds of sale of registered emissions units</heading>
            <content>
              <p>If:</p>
              <p>you are treated as if:</p>
              <p>Note:	Under the <i>International Tax Agreements Act 1953</i>, for some foreign residents, the proceeds of the sale of a registered emissions unit are not assessable income in Australia.</p>
              <p>Table of sections</p>
              <p>420-25	Assessable income on disposal of registered emissions units</p>
              <p>420-30	Non-arm’s length transactions and transactions with associates</p>
              <p>420-35	Outgoing international transfers of emissions units</p>
              <p>420-40	Disposal of registered emissions units for a purpose other than gaining assessable income</p>
              <p>420-41	Ceasing to be taxable in Australia on the proceeds of sale of registered emissions units</p>
              <p>420-42	Deduction for expenses incurred in ceasing to hold a registered emissions unit</p>
              <p>420-43	Deduction for charge imposed on the surrender of an eligible international emissions unit</p>
            </content>
            <paragraph eId="schedule-2__clause-420-22__para-a">
              <num>a</num>
              <content>
                <p>you start to *hold a *registered emissions unit at a particular time; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-22__para-b">
              <num>b</num>
              <content>
                <p>assuming that you had sold the unit to someone else immediately after you started to hold the unit, the proceeds of the sale would not have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-22__para-c">
              <num>c</num>
              <content>
                <p>	(c)	you hold the unit until a later time (the <b><i>taxable status commencement time</i></b>), where the following conditions are satisfied:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-22__para-i">
              <num>i</num>
              <content>
                <p>assuming that you had sold the unit to someone else immediately before the taxable status commencement time, the proceeds of the sale would not have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-22__para-ii">
              <num>ii</num>
              <content>
                <p>assuming that you had sold the unit to someone else at the taxable status commencement time, the proceeds of the sale would have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-22__para-d">
              <num>d</num>
              <content>
                <p>immediately after the taxable status commencement time, you had bought the unit from someone else for its *market value; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-22__para-e">
              <num>e</num>
              <content>
                <p>you had started to hold the unit immediately after the taxable status commencement time instead of at the time mentioned in paragraph (a).</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-25">
            <num>420-25</num>
            <heading>Assessable income on disposal of registered emissions units</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-25__subclause-1">
              <num>1</num>
              <content>
                <p>Your assessable income includes an amount that you are entitled to receive because you cease to *hold a *registered emissions unit.</p>
              </content>
            </hcontainer>
            <content>
              <p>Timing</p>
              <p>Source</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-25__subclause-2">
              <num>2</num>
              <content>
                <p>The amount is included in your assessable income for the income year in which you cease to *hold the unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-25__subclause-3">
              <num>3</num>
              <content>
                <p>An amount included in your assessable income under subsection (1) is taken, for the purposes of the *income tax laws, to have a source in Australia.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-30">
            <num>420-30</num>
            <heading>Non-arm’s length transactions and transactions with associates</heading>
            <content>
              <p>If:</p>
              <p>		kept by another entity (the <b><i>transferee</i></b>); and</p>
              <p>the transferor is treated as if the transferor were entitled to receive an amount equal to that market value because the transferor ceased to be the holder of the unit.</p>
              <p>Note:	In the application of <i>Income Tax Assessment Act 1936 </i>(about international transfer-pricing arrangements), this section is disregarded—see subsection 136AB(2) of the <i>Income Tax Assessment Act 1936</i>.<ref href="#dvs-13">Division 13</ref> of <ref href="#part-II">Part II</ref>I of the </p>
            </content>
            <paragraph eId="schedule-2__clause-420-30__para-a">
              <num>a</num>
              <content>
                <p>	(a)	an entity (the <b><i>transferor</i></b>) ceases to *hold a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-30__para-b">
              <num>b</num>
              <content>
                <p>the cessation is because of the transfer of the unit to:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-30__para-i">
              <num>i</num>
              <content>
                <p>	(i)	a Registry account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-30__para-ii">
              <num>ii</num>
              <content>
                <p>a foreign account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-30__para-c">
              <num>c</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-30__para-i">
              <num>i</num>
              <content>
                <p>the transferor and the transferee did not deal with each other at arm’s length; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-30__para-ii">
              <num>ii</num>
              <content>
                <p>the transferee is the transferor’s *associate; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-30__para-d">
              <num>d</num>
              <content>
                <p>the transferee did not pay or give consideration equal to the *market value of the unit for the transfer of the unit;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-35">
            <num>420-35</num>
            <heading>Outgoing international transfers of emissions units</heading>
            <content>
              <p>If:</p>
              <p>you are treated as if:</p>
              <p>Example:	An Australian resident company carries on a business of trading in emission units. The company owns 10,000 emission reduction units (a type of international emissions unit) that are registered in Australia. 5,000 of those units are transferred from the company’s Australian registry account to the company’s New Zealand registry account.</p>
              <p>The company is treated as having sold each unit to someone else at its market value just before it stopped being a registered emissions unit. As the unit was a registered emissions unit, the market value is included in the company’s assessable income (<ref href="#sec-420">section 420</ref>-25).</p>
              <p>The company is also treated as having bought 5,000 emission reduction units for the same amount. As those units are trading stock, the company may be able to deduct that amount under <ref href="#sec-8">section 8</ref>-1.</p>
            </content>
            <paragraph eId="schedule-2__clause-420-35__para-a">
              <num>a</num>
              <content>
                <p>you stop *holding a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-35__para-b">
              <num>b</num>
              <content>
                <p>you do so as a result of the transfer of the unit to:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-35__para-i">
              <num>i</num>
              <content>
                <p>	(i)	if the unit is a *carbon unit—your foreign account (within the meaning of the <i>Clean Energy Act 2011</i>) or your nominee’s foreign account (within the meaning of that Act); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-35__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	if the unit is an *international emissions unit—your foreign account (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>) or your nominee’s foreign account (within the meaning of that Act); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-35__para-iii">
              <num>iii</num>
              <content>
                <p>	(iii)	if the unit is an *Australian carbon credit unit—your foreign account (within the meaning of the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>) or your nominee’s foreign account (within the meaning of that Act);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-35__para-c">
              <num>c</num>
              <content>
                <p>just before the transfer, you had sold the unit to someone else for its *market value just before the transfer; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-35__para-d">
              <num>d</num>
              <content>
                <p>you had, immediately after the sale, bought it back for the same amount.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-40">
            <num>420-40</num>
            <heading>Disposal of registered emissions units for a purpose other than gaining assessable income</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-40__subclause-1">
              <num>1</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-40__para-a">
              <num>a</num>
              <content>
                <p>	(a)	an entity (the <b><i>first entity</i></b>) incurs expenditure in:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-i">
              <num>i</num>
              <content>
                <p>becoming the *holder of a *registered emissions unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-ii">
              <num>ii</num>
              <content>
                <p>ceasing to hold a registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-b">
              <num>b</num>
              <content>
                <p>the first entity has deducted or can deduct the expenditure under <ref href="#sec-420">section 420</ref>-15 or 420-42; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-c">
              <num>c</num>
              <content>
                <p>the first entity ceases to hold the unit in a particular income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-d">
              <num>d</num>
              <content>
                <p>the cessation is neither:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-i">
              <num>i</num>
              <content>
                <p>in gaining or producing the first entity’s assessable income; nor</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-ii">
              <num>ii</num>
              <content>
                <p>in carrying on a *business for the purpose of gaining or producing the first entity’s assessable income; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-e">
              <num>e</num>
              <content>
                <p><ref href="#sec-420">section 420</ref>-30 (non-arm’s length transactions and transactions with associates) did not apply to the first entity ceasing to hold the unit;</p>
              </content>
            </paragraph>
            <content>
              <p>the first entity’s assessable income for that income year includes an amount equal to the amount the first entity has deducted or can deduct.</p>
              <p>Death</p>
              <p>then:</p>
              <p>the beneficiary is treated as having bought the unit for the amount included in the first entity’s assessable income under subsection (1).</p>
              <p>Transfer—treatment of acquirer</p>
              <p>the other entity is treated as having bought the unit for the amount included in the first entity’s assessable income under subsection (1).</p>
              <p>Source</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-40__subclause-2">
              <num>2</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-40__para-a">
              <num>a</num>
              <content>
                <p>the first entity is an individual; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-b">
              <num>b</num>
              <content>
                <p>the cessation is because of the first entity’s death; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-c">
              <num>c</num>
              <content>
                <p>the *registered emissions unit devolves to the first entity’s *legal personal representative;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-d">
              <num>d</num>
              <content>
                <p>the first entity’s legal personal representative is treated as having bought the unit for the amount included in the first entity’s assessable income under subsection (1); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-e">
              <num>e</num>
              <content>
                <p>if the unit *passes to a beneficiary in the first entity’s estate:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-i">
              <num>i</num>
              <content>
                <p>the first entity’s legal personal representative is treated as having disposed of the unit for the amount included in the first entity’s assessable income under subsection (1); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-ii">
              <num>ii</num>
              <content>
                <p>the beneficiary is treated as having bought the unit for the amount included in the first entity’s assessable income under subsection (1).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-40__subclause-3">
              <num>3</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-40__para-a">
              <num>a</num>
              <content>
                <p>the first entity is an individual; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-b">
              <num>b</num>
              <content>
                <p>the cessation is because of the first entity’s death; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-c">
              <num>c</num>
              <content>
                <p>the *registered emissions unit *passes to a beneficiary in the first entity’s estate without devolving to the first entity’s *legal personal representative;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-40__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-40__para-a">
              <num>a</num>
              <content>
                <p>the cessation is because of the transfer of the unit to another entity; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-b">
              <num>b</num>
              <content>
                <p>neither subsection (2) nor (3) applies;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-40__subclause-5">
              <num>5</num>
              <content>
                <p>If subsection (4) applies to the transfer of the unit to another entity:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-40__para-a">
              <num>a</num>
              <content>
                <p>the first entity must inform the other entity that, as a result of subsection (4) applying, the other entity is treated as having bought the unit for a particular amount; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-b">
              <num>b</num>
              <content>
                <p>the first entity must do so:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-i">
              <num>i</num>
              <content>
                <p>at, or as soon as practicable after, the time of the transfer; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-40__para-ii">
              <num>ii</num>
              <content>
                <p>by a later time allowed by <role refersTo="#commissioner">the Commissioner</role>.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-40__subclause-6">
              <num>6</num>
              <content>
                <p>An amount included in the first entity’s assessable income under subsection (1) is taken, for the purposes of the *income tax laws, to have a source in Australia.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-41">
            <num>420-41</num>
            <heading>Ceasing to be taxable in Australia on the proceeds of sale of registered emissions units</heading>
            <content>
              <p>If:</p>
              <p>you are treated as if:</p>
              <p>Note:	Under the <i>International Tax Agreements Act 1953</i>, for some foreign residents, the proceeds of the sale of a registered emissions unit are not assessable income in Australia.</p>
            </content>
            <paragraph eId="schedule-2__clause-420-41__para-a">
              <num>a</num>
              <content>
                <p>you start to *hold a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-41__para-b">
              <num>b</num>
              <content>
                <p>assuming that you had sold the unit to someone else immediately after you started to hold the unit, the proceeds of sale would have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-41__para-c">
              <num>c</num>
              <content>
                <p>	(c)	you hold the unit until a later time (the <b><i>taxable status cessation time</i></b>), where the following conditions are satisfied:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-41__para-i">
              <num>i</num>
              <content>
                <p>assuming that you had sold the unit to someone else immediately before the taxable status cessation time, the proceeds of the sale would have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-41__para-ii">
              <num>ii</num>
              <content>
                <p>assuming that you had sold the unit to someone else at the taxable status cessation time, the proceeds of sale would not have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-41__para-d">
              <num>d</num>
              <content>
                <p>just before the taxable status cessation time, you had sold the unit to someone else for its *market value; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-41__para-e">
              <num>e</num>
              <content>
                <p>you had, at the taxable status cessation time, bought it back for the same amount.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-42">
            <num>420-42</num>
            <heading>Deduction for expenses incurred in ceasing to hold a registered emissions unit</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-42__subclause-1">
              <num>1</num>
              <content>
                <p>You can deduct expenditure to the extent that you incur it in ceasing to *hold a *registered emissions unit.</p>
              </content>
            </hcontainer>
            <content>
              <p>Timing</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-42__subclause-2">
              <num>2</num>
              <content>
                <p>You deduct the expenditure in the income year in which you cease to *hold the *registered emissions unit.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-43">
            <num>420-43</num>
            <heading>Deduction for charge imposed on the surrender of an eligible international emissions unit</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-43__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	You can deduct an amount of charge imposed by the <i>Clean Energy (International Unit Surrender Charge) Act 2011</i> on the surrender by you of an eligible international emissions unit (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>).</p>
              </content>
            </hcontainer>
            <content>
              <p>Timing</p>
              <p>Table of sections</p>
              <p>420-45	You include the value of your registered emissions units in working out your assessable income and deductions</p>
              <p>420-50	Value of registered emissions units at start of income year</p>
              <p>420-51	Valuation methods</p>
              <p>420-52	FIFO cost method of working out the value of units</p>
              <p>420-53	Actual cost method of working out the value of units</p>
              <p>420-54	Market value method of working out the value of units</p>
              <p>420-55	Valuation method for first income year at the end of which you held registered emissions units</p>
              <p>420-57	Valuation method for later income years at the end of which you held registered emissions units</p>
              <p>420-58	Value of registered emissions units at end of income year—certain free carbon units</p>
              <p>420-60	Cost of registered emissions units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-43__subclause-2">
              <num>2</num>
              <content>
                <p>You deduct the amount in the income year in which you pay the amount.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-45">
            <num>420-45</num>
            <heading>You include the value of your registered emissions units in working out your assessable income and deductions</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-45__subclause-1">
              <num>1</num>
              <content>
                <p>You compare:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-45__para-a">
              <num>a</num>
              <content>
                <p>the *value of all *registered emissions units you *held at the start of the income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-45__para-b">
              <num>b</num>
              <content>
                <p>the value of all registered emissions units you held at the end of the income year.</p>
              </content>
            </paragraph>
            <content>
              <p>Increase in value is included in assessable income</p>
              <p>Decrease in value is a deduction</p>
              <p>Source</p>
              <p>Disregard value of unit if sale proceeds would not be assessable</p>
              <p>Note:	Under the <i>International Tax Agreements Act 1953</i>, for some foreign residents, the proceeds of the sale of a registered emissions unit are not assessable income in Australia.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-45__subclause-2">
              <num>2</num>
              <content>
                <p>Your assessable income includes any excess of the *value at the end of the income year over the value at the start of the income year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-45__subclause-3">
              <num>3</num>
              <content>
                <p>On the other hand, you can deduct any excess of the *value at the start of the income year over the value at the end of the income year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-45__subclause-4">
              <num>4</num>
              <content>
                <p>An amount included in your assessable income under subsection (2) is taken, for the purposes of the *income tax laws, to have a source in Australia.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-45__subclause-5">
              <num>5</num>
              <content>
                <p>For the purposes of this Subdivision, disregard the *value of a *registered emissions unit you *held at the end of the income year if, assuming that you had sold the unit to someone else immediately after you started to hold the unit, the proceeds of the sale would not have been included in your assessable income under <ref href="#sec-420">section 420</ref>-25.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-50">
            <num>420-50</num>
            <heading>Value of registered emissions units at start of income year</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-50__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	The <b><i>value</i></b> of a *registered emissions unit you *held at the start of an income year is the same amount at which it was taken into account under this Subdivision at the end of the last income year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-50__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	The <b><i>value</i></b> of the unit is a nil amount if the unit was not taken into account under this Subdivision at the end of the last income year.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-51">
            <num>420-51</num>
            <heading>Valuation methods</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-51__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	The <b><i>value</i></b> of a *registered emissions unit you *held at the end of an income year is worked out using one of the following methods:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-51__para-a">
              <num>a</num>
              <content>
                <p>the *FIFO cost method;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-51__para-b">
              <num>b</num>
              <content>
                <p>the *actual cost method;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-51__para-c">
              <num>c</num>
              <content>
                <p>the *market value method.</p>
              </content>
            </paragraph>
            <content>
              <p>Sections 420-55 and 420-57 tell you which method applies.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-51__subclause-2">
              <num>2</num>
              <content>
                <p>This section has effect subject to <ref href="#sec-420">section 420</ref>-58 (certain free carbon units).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-52">
            <num>420-52</num>
            <heading>FIFO cost method of working out the value of units</heading>
            <content>
              <p>		The <b><i>FIFO cost method </i></b>for working out the *value of the *registered emissions units you *held at the end of an income year means that the value of the units is the *cost of the registered emissions units, and, for the purposes of the application of this Subdivision to you for the income year:</p>
              <p>you must account for those units on a first-in first-out basis; and</p>
              <p>you must account for those units on a first-in first-out basis; and</p>
            </content>
            <paragraph eId="schedule-2__clause-420-52__para-a">
              <num>a</num>
              <content>
                <p>if any of the registered emissions units are:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-52__para-i">
              <num>i</num>
              <content>
                <p>*carbon units that have a *vintage year that is the same as, or earlier than, the financial year to which the income year relates; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-52__para-ii">
              <num>ii</num>
              <content>
                <p>	(ii)	eligible international emissions units (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-52__para-iii">
              <num>iii</num>
              <content>
                <p>*Australian carbon credit units;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-52__para-b">
              <num>b</num>
              <content>
                <p>if:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-52__para-i">
              <num>i</num>
              <content>
                <p>any of the registered emissions units are carbon units that have the same vintage year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-52__para-ii">
              <num>ii</num>
              <content>
                <p>that vintage year is later than the financial year to which the income year relates;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-52__para-c">
              <num>c</num>
              <content>
                <p>	(c)	if any of the registered emissions units are *Kyoto units that are not eligible international emissions units (within the meaning of the <i>Australian National Registry of Emissions Units Act 2011</i>)—you must account for those units on a first-in first-out basis.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-53">
            <num>420-53</num>
            <heading>Actual cost method of working out the value of units</heading>
            <content>
              <p>		The <b><i>actual cost method</i></b> for working out the value of the *registered emissions units you *held at the end of the income year means that the value of the units is the *cost of the units, and, for the purposes of the application of this Subdivision to you for the income year, you must not account for any of those units on a first-in first-out basis.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-54">
            <num>420-54</num>
            <heading>Market value method of working out the value of units</heading>
            <content>
              <p>		The <b><i>market value method</i></b> for working out the value of the *registered emissions units you *held at the end of the income year means that the value of the units is the *market value of the units at the end of the income year.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-55">
            <num>420-55</num>
            <heading>Valuation method for first income year at the end of which you held registered emissions units</heading>
            <content>
              <p>Scope</p>
              <p>Choice of method</p>
              <p>for working out the <b><i>value</i></b> of the *registered emissions units you *held at the end of the income year.</p>
              <p>FIFO cost method applies if no choice made</p>
              <p>Time for making choice</p>
              <p>No revocation of choice</p>
              <p>Certain free carbon units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-55__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-55__para-a">
              <num>a</num>
              <content>
                <p>you *held one or more *registered emissions units at the end of an income year; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-55__para-b">
              <num>b</num>
              <content>
                <p>the income year is the first income year at the end of which you held one or more registered emissions units.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-55__subclause-2">
              <num>2</num>
              <content>
                <p>You may choose one of the following methods:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-55__para-a">
              <num>a</num>
              <content>
                <p>the *FIFO cost method;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-55__para-b">
              <num>b</num>
              <content>
                <p>the *actual cost method;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-55__para-c">
              <num>c</num>
              <content>
                <p>the *market value method;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-55__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	If you do not make a choice under subsection (2) for the income year, the <b><i>value</i></b> of the *registered emissions units you *held at the end of the income year is worked out using the *FIFO cost method.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-55__subclause-4">
              <num>4</num>
              <content>
                <p>You must make a choice under subsection (2) before you lodge your *income tax return for the income year for which you make the choice.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-55__subclause-5">
              <num>5</num>
              <content>
                <p>A choice made under subsection (2) cannot be revoked.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-55__subclause-6">
              <num>6</num>
              <content>
                <p>This section has effect subject to <ref href="#sec-420">section 420</ref>-58 (certain free carbon units).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-57">
            <num>420-57</num>
            <heading>Valuation method for later income years at the end of which you held registered emissions units</heading>
            <content>
              <p>Scope</p>
              <p>Choice of method</p>
              <p>for working out the <b><i>value</i></b> of the *registered emissions units you *held at the end of the current income year.</p>
              <p>Previous method applies if no choice made</p>
              <p>Limitation on choice—before 2015-16 income year</p>
              <p>Limitation on choice—2015-16 income year or a later income year</p>
              <p>you must not make a choice under subsection (2) for the current income year unless:</p>
              <p>Limitation on choice—change from FIFO cost method to actual cost method</p>
              <p>Time for making choice</p>
              <p>No revocation of choice</p>
              <p>Certain free carbon units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-57__para-a">
              <num>a</num>
              <content>
                <p>	(a)	you *held one or more *registered emissions units at the end of an income year (the <b><i>current income year</i></b>); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-57__para-b">
              <num>b</num>
              <content>
                <p>the current income year is not the first income year at the end of which you held one or more registered emissions units.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-2">
              <num>2</num>
              <content>
                <p>You may choose one of the following methods:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-57__para-a">
              <num>a</num>
              <content>
                <p>the *FIFO cost method;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-57__para-b">
              <num>b</num>
              <content>
                <p>the *actual cost method;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-57__para-c">
              <num>c</num>
              <content>
                <p>the *market value method;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	If you do not make a choice under subsection (2) for the current income year, the <b><i>value</i></b> of the *registered emissions units you *held at the end of the current income year is worked out using the method that applied to the most recent income year at the end of which you held one or more registered emissions units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-4">
              <num>4</num>
              <content>
                <p>If the current income year is before the 2015-16 income year, you must not make a choice under subsection (2) for the current income year if you have previously made a choice under that subsection for an earlier income year.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-5">
              <num>5</num>
              <content>
                <p>If the current income year is:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-57__para-a">
              <num>a</num>
              <content>
                <p>the 2015-16 income year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-57__para-b">
              <num>b</num>
              <content>
                <p>a later income year;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-57__para-c">
              <num>c</num>
              <content>
                <p>the same method applied for each of the 4 most recent income years at the end of which you *held one or more *registered emissions units; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-57__para-d">
              <num>d</num>
              <content>
                <p>the method mentioned in paragraph (c) is different from the method to which your choice for the current income year relates.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-6">
              <num>6</num>
              <content>
                <p>You must not choose under subsection (2) the *actual cost method for the current income year if the *FIFO cost method applied for the most recent income year at the end of which you *held one or more *registered emissions units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-7">
              <num>7</num>
              <content>
                <p>You must make a choice under subsection (2) before you lodge your *income tax return for the income year for which you make the choice.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-8">
              <num>8</num>
              <content>
                <p>A choice made under subsection (2) cannot be revoked.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-57__subclause-9">
              <num>9</num>
              <content>
                <p>This section has effect subject to <ref href="#sec-420">section 420</ref>-58 (certain free carbon units).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-58">
            <num>420-58</num>
            <heading>Value of registered emissions units at end of income year—certain free carbon units</heading>
            <content>
              <p>Scope</p>
              <p>Value</p>
              <p>the method that applied to a previous income year mentioned in that subsection or paragraph, as the case may be, is the method that would have applied if this section had not been enacted.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-58__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to a *carbon unit with a particular *vintage year if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-58__para-a">
              <num>a</num>
              <content>
                <p>	(a)	it was issued to you in accordance with the Jobs and Competitiveness Program (within the meaning of the <i>Clean Energy Act 2011</i>); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-58__para-b">
              <num>b</num>
              <content>
                <p>you *held it throughout the period:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-58__para-i">
              <num>i</num>
              <content>
                <p>beginning when it was issued to you; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-58__para-ii">
              <num>ii</num>
              <content>
                <p>ending at the end of an income year that ended before 1 February in the financial year next following the vintage year.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-58__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	The <b><i>value</i></b> of the unit you *held at the end of an income year that ended during that period is a nil amount.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-58__subclause-3">
              <num>3</num>
              <content>
                <p>For the purposes of:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-58__para-a">
              <num>a</num>
              <content>
                <p>subsection 420-57(3); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-58__para-b">
              <num>b</num>
              <content>
                <p>paragraph 420-57(5)(c);</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-60">
            <num>420-60</num>
            <heading>Cost of registered emissions units</heading>
            <content>
              <p>Free carbon units</p>
              <p>Australian carbon credit units</p>
              <p>Other registered emissions units</p>
              <p>Table of sections</p>
              <p>420-65	Exclusivity of deductions etc.</p>
              <p>420-70	Exclusivity of assessable income etc.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-60__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	If a *carbon unit was issued to you free of charge under the <i>Clean Energy Act 2011</i>, the <b><i>cost</i></b> of the unit is its *market value immediately after you began to *hold the unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-60__subclause-2">
              <num>2</num>
              <content>
                <p>Subsection (1) does not affect the operation of <ref href="#sec-420">section 420</ref>-58.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-60__subclause-3">
              <num>3</num>
              <content>
                <p>	(3)	If an *Australian carbon credit unit was issued to you under the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>, the <b><i>cost</i></b> of the unit is its *market value immediately after you began to *hold the unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-60__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	If a *registered emissions unit (other than an *Australian carbon credit unit) was not issued to you free of charge under the <i>Clean Energy Act 2011</i>, the <b><i>cost</i></b> of the unit is the total of the expenditure that you:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-60__para-a">
              <num>a</num>
              <content>
                <p>incurred in becoming the *holder of the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-60__para-b">
              <num>b</num>
              <content>
                <p>can deduct under <ref href="#sec-420">section 420</ref>-15.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-65">
            <num>420-65</num>
            <heading>Exclusivity of deductions etc.</heading>
            <content>
              <p>Expenditure incurred in becoming the holder of a registered emissions unit</p>
              <p>under any provision of this Act outside this Division.</p>
              <p>Free carbon units</p>
              <p>Australian carbon credit units</p>
              <p>Note:	If you make a gift or contribution, <ref href="#dvs-30">Division 30</ref> applies in the normal way to determine whether you can deduct the amount of the gift or contribution.</p>
              <p>Expenditure incurred in ceasing to hold a registered emissions unit</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-65__subclause-1">
              <num>1</num>
              <content>
                <p>You cannot deduct under any provision of this Act outside this Division any expenditure to the extent that you incur it in becoming the *holder of a *registered emissions unit.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-65__subclause-2">
              <num>2</num>
              <content>
                <p>To the extent you incur expenditure in becoming the *holder of a *registered emissions unit, the expenditure is not to be taken into account in working out:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-65__para-a">
              <num>a</num>
              <content>
                <p>an amount you can deduct; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-65__para-b">
              <num>b</num>
              <content>
                <p>an amount included in your assessable income;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-65__subclause-3">
              <num>3</num>
              <content>
                <p>Subsections (1) and (2) do not affect the application of a provision of this Act outside this Division to expenditure you incur in becoming the *holder of a *carbon unit issued to you in accordance with:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-65__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the Jobs and Competitiveness Program (within the meaning of the <i>Clean Energy Act 2011</i>); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-65__para-b">
              <num>b</num>
              <content>
                <p><ref href="#part-8">Part 8</ref> (coal-fired electricity generation) of that Act.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-65__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	Subsections (1) and (2) do not affect the application of a provision of this Act outside this Division to expenditure you incur in becoming the *holder of an *Australian carbon credit unit issued to you in accordance with the <i>Carbon Credits (Carbon Farming Initiative) Act 2011 </i>if you do not incur the expenditure in preparing or lodging:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-65__para-a">
              <num>a</num>
              <content>
                <p>an application for a certificate of entitlement (within the meaning of that Act); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-65__para-b">
              <num>b</num>
              <content>
                <p>an offsets report (within the meaning of that Act).</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-65__subclause-5">
              <num>5</num>
              <content>
                <p>Subsections (1) and (2) do not affect the operation of <ref href="#dvs-30">Division 30</ref> (deductions for gifts and contributions).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-65__subclause-6">
              <num>6</num>
              <content>
                <p>You cannot deduct under any provision of this Act outside this Division any expenditure to the extent that you incur it in ceasing to *hold a *registered emissions unit.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-70">
            <num>420-70</num>
            <heading>Exclusivity of assessable income etc.</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-420-70__subclause-1">
              <num>1</num>
              <content>
                <p>An amount that you are entitled to receive because you ceased to *hold a *registered emissions unit is not to be:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-70__para-a">
              <num>a</num>
              <content>
                <p>included in your assessable income; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-70__para-b">
              <num>b</num>
              <content>
                <p>taken into account in working out your assessable income; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-70__para-c">
              <num>c</num>
              <content>
                <p>taken into account in working out an amount you can deduct;</p>
              </content>
            </paragraph>
            <content>
              <p>under any provision of this Act outside this Division.</p>
              <p>Note:	An amount included in your assessable income under this Division may be ordinary or statutory income for the purposes of <ref href="#dvs-6">Division 6</ref>.</p>
              <p>Free carbon units</p>
              <p>Note 1:	A capital gain or capital loss you make from a registered emissions unit is disregarded (subsection 118-15(1)).</p>
              <p>Note 2:	A capital gain or capital loss you make from a right to receive a free carbon unit is disregarded (subsection 118-15(2)).</p>
              <p>Australian carbon credit units</p>
              <p>Note 1:	A capital gain or capital loss you make from a registered emissions unit is disregarded (subsection 118-15(1)).</p>
              <p>Note 2:	A capital gain or capital loss you make from a right to receive an Australian carbon credit unit is disregarded (subsection 118-15(3)).</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-420-70__subclause-2">
              <num>2</num>
              <content>
                <p>Subsection (1) does not affect the operation of <ref href="#dvs-6">Division 6</ref> so far as that Division provides for the significance of residence or source for the assessability of ordinary and statutory income.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-2__clause-420-70__subclause-3">
              <num>3</num>
              <content>
                <p>An amount is not to be included in your assessable income under any provision of this Act outside this Division because a *carbon unit was issued to you in accordance with:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-420-70__para-a">
              <num>a</num>
              <content>
                <p>	(a)	the Jobs and Competitiveness Program (within the meaning of the <i>Clean Energy Act 2011</i>); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-70__para-b">
              <num>b</num>
              <content>
                <p><ref href="#part-8">Part 8</ref> (coal-fired electricity generation) of that Act.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-420-70__subclause-4">
              <num>4</num>
              <content>
                <p>	(4)	An amount is not to be included in your assessable income under any provision of this Act outside this Division because an *Australian carbon credit unit was issued to you in accordance with the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-29">
            <num>29</num>
            <heading>Subsection 701-10(5) (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
              <p>Multiple setting of tax cost for same trading stock or registered emissions unit</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-30">
            <num>30</num>
            <heading>Paragraph 701-10(5)(a)</heading>
            <content>
              <p>After “*trading stock”, insert “or a *registered emissions unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-31">
            <num>31</num>
            <heading>Paragraph 701-25(2)(a)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-2__clause-31__para-a">
              <num>a</num>
              <content>
                <p>either:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-31__para-i">
              <num>i</num>
              <content>
                <p>the asset is *trading stock of the *head company; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-31__para-ii">
              <num>ii</num>
              <content>
                <p>the asset is a *registered emissions unit and an asset of the head company; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-32">
            <num>32</num>
            <heading>Subsection 701-25(3) (note)</heading>
            <content>
              <p>After “trading stock”, insert “or registered emissions units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-33">
            <num>33</num>
            <heading>Subsection 701-25(4)</heading>
            <content>
              <p>Omit “The asset is taken”, substitute “If subparagraph (2)(a)(i) applies, the asset is taken”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-34">
            <num>34</num>
            <heading>At the end of section 701-25 (after the note)</heading>
            <content>
              <p>Add:</p>
              <p>Setting value of registered emissions unit at tax-neutral amount</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-34__subclause-5">
              <num>5</num>
              <content>
                <p>If subparagraph (2)(a)(ii) applies, the asset is taken to be an asset of the *head company at the end of the income year (but not at the start of the next income year) and the head company’s *value for the asset at that time is taken to be equal to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-34__para-a">
              <num>a</num>
              <content>
                <p>if the asset was *held by the head company at the start of the income year—the value of the asset at the start of the income year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-34__para-b">
              <num>b</num>
              <content>
                <p>otherwise—the expenditure incurred by the head company in becoming the holder of the asset.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-35">
            <num>35</num>
            <heading>Subsection 701-35(2)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
              <p>Assets to which section applies</p>
              <p>just before it becomes a subsidiary member of the group.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-35__subclause-2">
              <num>2</num>
              <content>
                <p>This section applies in relation to an asset if:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-35__para-a">
              <num>a</num>
              <content>
                <p>the asset is *trading stock of the entity just before it becomes a *subsidiary member of the group; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-35__para-b">
              <num>b</num>
              <content>
                <p>the asset is:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-35__para-i">
              <num>i</num>
              <content>
                <p>a *registered emissions unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-35__para-ii">
              <num>ii</num>
              <content>
                <p>an asset of the entity;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-36">
            <num>36</num>
            <heading>Subsection 701-35(3) (note)</heading>
            <content>
              <p>After “trading stock”, insert “or registered emissions units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-37">
            <num>37</num>
            <heading>Subsection 701-35(4)</heading>
            <content>
              <p>Omit “The *value of the”, substitute “If paragraph (2)(a) applies, the *value of the”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-38">
            <num>38</num>
            <heading>At the end of section 701-35 (after the note)</heading>
            <content>
              <p>Add:</p>
              <p>Setting value of registered emissions unit at tax-neutral amount</p>
              <p>Note:	See also <i>Income Tax (Transitional Provisions) Act 1997</i>.<ref href="#sec-701A">section 701A</ref>-7 of the </p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-38__subclause-5">
              <num>5</num>
              <content>
                <p>If paragraph (2)(b) applies, the *value of the *registered emissions unit at the end of the income year that ends, or, if <ref href="#sec-701">section 701</ref>-30 applies, of the income year that is taken by subsection (3) of that section to end, when the entity becomes a *subsidiary member is taken to be equal to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-38__para-a">
              <num>a</num>
              <content>
                <p>if the unit was *held by the joining entity at the start of the income year—the value of the unit at the start of the income year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-38__para-b">
              <num>b</num>
              <content>
                <p>otherwise—the expenditure incurred by the joining entity in becoming the holder of the unit.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-39">
            <num>39</num>
            <heading>After subsection 701-55(3)</heading>
            <content>
              <p>Insert:</p>
              <p>Registered emissions unit provisions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-39__subclause-3A">
              <num>3A</num>
              <content>
                <p>If <ref href="#dvs-420">Division 420</ref> is to apply in relation to the asset, the expression means that the Division applies as if the asset were a *registered emissions unit at the start of the income year in which the particular time occurs, and its *value at that time were equal to the asset’s *tax cost setting amount.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-39A">
            <num>39A</num>
            <heading>Subsection 701-58(2)</heading>
            <content>
              <p>After “(3)”, insert “(3A),”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-40">
            <num>40</num>
            <heading>After subsection 705-30(1)</heading>
            <content>
              <p>Insert:</p>
              <p>Registered emissions units</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-40__subclause-1A">
              <num>1A</num>
              <content>
                <p>	(1A)	If an asset of the joining entity is a *registered emissions unit, the joining entity’s <b><i>terminating value</i></b> for the unit is equal to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-40__para-a">
              <num>a</num>
              <content>
                <p>if the unit was *held by the joining entity at the start of the income year—the *value of the unit at the start of the income year; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-40__para-b">
              <num>b</num>
              <content>
                <p>otherwise—the expenditure incurred by the joining entity in becoming the holder of the unit.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-41">
            <num>41</num>
            <heading>Section 705-40 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-705-40">
            <num>705-40</num>
            <heading>Tax cost setting amount for reset cost base assets held on revenue account etc.</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-42">
            <num>42</num>
            <heading>Subsection 705-40(1)</heading>
            <content>
              <p>After “*depreciating asset”, insert “, a *registered emissions unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-43">
            <num>43</num>
            <heading>Subsection 705-40(2)</heading>
            <content>
              <p>After “*depreciating assets”, insert “, *registered emissions units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-44">
            <num>44</num>
            <heading>Paragraph 705-40(3)(b)</heading>
            <content>
              <p>After “*depreciating asset”, insert “, to a *registered emissions unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-45">
            <num>45</num>
            <heading>Subsection 705-57(1)</heading>
            <content>
              <p>After “*depreciating assets”, insert “, *registered emissions units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-46">
            <num>46</num>
            <heading>Paragraph 705-57(2)(c)</heading>
            <content>
              <p>After “*depreciating asset”, insert “, a *registered emissions unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-47">
            <num>47</num>
            <heading>Subsection 705-163(1)</heading>
            <content>
              <p>After “*depreciating assets”, insert “, *registered emissions units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-48">
            <num>48</num>
            <heading>Subsection 705-240(1)</heading>
            <content>
              <p>After “*depreciating assets”, insert “, *registered emissions units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-49">
            <num>49</num>
            <heading>Subsection 713-225(4) (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
              <p>Special character of partnership cost setting interest in partnership asset that is trading stock, a depreciating asset or a registered emissions unit</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-50">
            <num>50</num>
            <heading>Subsection 713-225(4)</heading>
            <content>
              <p>Omit “or a *depreciating asset”, substitute “, a *depreciating asset or a *registered emissions unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-51">
            <num>51</num>
            <heading>Subsection 715-660(1) (after table item 1)</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-51B">
            <num>51B</num>
            <heading>At the end of paragraph 715-910(3)(b)</heading>
            <content>
              <p>Add “and”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-51C">
            <num>51C</num>
            <heading>After paragraph 715-910(3)(b)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-51C__para-c">
              <num>c</num>
              <content>
                <p>subsection 701-35(5) (setting value of registered emissions unit at tax-neutral amount);</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-51D">
            <num>51D</num>
            <heading>At the end of paragraph 715-920(3)(b)</heading>
            <content>
              <p>Add “and”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-51E">
            <num>51E</num>
            <heading>After paragraph 715-920(3)(b)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-51E__para-c">
              <num>c</num>
              <content>
                <p>subsection 701-35(5) (setting value of registered emissions unit at tax-neutral amount);</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-52">
            <num>52</num>
            <heading>Section 719-165 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-719-165">
            <num>719-165</num>
            <heading>Trading stock value and registered emissions unit value not set for assets of eligible tier-1 companies</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-53">
            <num>53</num>
            <heading>At the end of section 719-165</heading>
            <content>
              <p>Add:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-53__subclause-3">
              <num>3</num>
              <content>
                <p>Subsection 701-35(5) (setting value of registered emissions unit at tax-neutral amount) does not apply to the assets of the MEC joining entity if it is an *eligible tier-1 company at the MEC joining time.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-54">
            <num>54</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>actual cost method</i></b> of working out the *value of a *registered emissions unit has the meaning given by section 420-53.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-55">
            <num>55</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Australian carbon credit unit</i></b> has the same meaning as in the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-56">
            <num>56</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>carbon unit</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-57">
            <num>57</num>
            <heading>Subsection 995-1(1) (paragraph (b) of the definition of cost)</heading>
            <content>
              <p>Omit “<ref href="#sec-70">section 70</ref>-55.”, substitute “<ref href="#sec-70">section 70</ref>-55; and”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-58">
            <num>58</num>
            <heading>Subsection 995-1(1) (at the end of the definition of cost, after the note)</heading>
            <content>
              <p>Add:</p>
            </content>
            <paragraph eId="schedule-2__clause-58__para-c">
              <num>c</num>
              <content>
                <p>	(c)	<b><i>cost</i></b> of a *registered emissions unit has the meaning given by section 420-60.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-59">
            <num>59</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>eligible no</i></b><b><i>-</i></b><b><i>till seeder</i></b> has the meaning given by section 385-235.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-60">
            <num>60</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>FIFO cost method</i></b> of working out the *value of a *registered emissions unit has the meaning given by section 420-52.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-61">
            <num>61</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>free carbon unit</i></b> has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-62">
            <num>62</num>
            <heading>Subsection 995-1(1) (at the end of the definition of hold)</heading>
            <content>
              <p>Add:</p>
              <p>	; and (c)	<b><i>hold</i></b> a *registered emissions unit has the meaning given by section 420-12.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-63">
            <num>63</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>international emissions unit</i></b> means:</p>
            </content>
            <paragraph eId="schedule-2__clause-63__para-a">
              <num>a</num>
              <content>
                <p>a *Kyoto unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-63__para-b">
              <num>b</num>
              <content>
                <p>a *prescribed international unit.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-64">
            <num>64</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>Kyoto unit</i></b> has the same meaning as in the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-65">
            <num>65</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>market value method</i></b> of working out the *value of a *registered emissions unit has the meaning given by section 420-54.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-66">
            <num>66</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>prescribed international unit</i></b> has the same meaning as in the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-67">
            <num>67</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>registered emissions unit</i></b> has the meaning given by section 420-10.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-68">
            <num>68</num>
            <heading>Subsection 995-1(1) (definition of trading stock)</heading>
            <content>
              <p>After “modified by”, insert “<ref href="#sec-70">section 70</ref>-12 of this Act and”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-69">
            <num>69</num>
            <heading>Subsection 995-1(1) (paragraph (b) of the definition of value)</heading>
            <content>
              <p>Omit “70-C.”, substitute “70-C; and”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-70">
            <num>70</num>
            <heading>Subsection 995-1(1) (after paragraph (b) of the definition of value)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-2__clause-70__para-c">
              <num>c</num>
              <content>
                <p>	(c)	the <b><i>value</i></b> of a *registered emissions unit has the meaning given by Subdivision 420-D; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-71">
            <num>71</num>
            <heading>Subsection 995-1(1)</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>vintage year</i></b> of a *carbon unit has the same meaning as in the <i>Clean Energy Act 2011</i>.</p>
              <p>Income Tax (Transitional Provisions) Act 1997</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-72">
            <num>72</num>
            <heading>After Part 3-45</heading>
            <content>
              <p>Insert:</p>
              <p>Table of Subdivisions</p>
              <p>420-A	General application provision</p>
              <p>420-B	Units held before the commencement of <ref href="#dvs-42">Division 42</ref>0 of <ref href="">the Income Tax Assessment Act 1997</ref></p>
              <p>Table of sections</p>
              <p>420-1	Application of <ref href="#dvs-42">Division 42</ref>0 of <ref href="">the Income Tax Assessment Act 1997</ref></p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-1">
            <num>420-1</num>
            <heading>Application of Division 420 of the Income Tax Assessment Act 1997</heading>
            <content>
              <p>		<i>Income Tax Assessment Act 1997</i> does not apply to a registered emissions unit held by you unless you became the holder of the unit after the commencement of that Division.<ref href="#dvs-42">Division 42</ref>0 of the </p>
              <p>Table of sections</p>
              <p>420-5	Transitional provision—units held before the commencement of <ref href="#dvs-42">Division 42</ref>0 of <ref href="">the Income Tax Assessment Act 1997</ref></p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-420-5">
            <num>420-5</num>
            <heading>Transitional provision—units held before the commencement of Division 420 of the Income Tax Assessment Act 1997</heading>
            <content>
              <p>		If, just before the commencement of <i>Income Tax Assessment Act 1997</i>, you held:<ref href="#dvs-42">Division 42</ref>0 of the </p>
              <p>for which there was an entry in the Australian National Registry of Emissions Units, you are treated as if:</p>
            </content>
            <paragraph eId="schedule-2__clause-420-5__para-a">
              <num>a</num>
              <content>
                <p>an Australian carbon credit unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-5__para-b">
              <num>b</num>
              <content>
                <p>a Kyoto unit; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-5__para-c">
              <num>c</num>
              <content>
                <p>a prescribed international unit;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-5__para-d">
              <num>d</num>
              <content>
                <p>just before that commencement, you had sold the unit to someone else for its cost; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-420-5__para-e">
              <num>e</num>
              <content>
                <p>you had, immediately after that commencement, bought it back as a registered emissions unit for the same amount.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-72A">
            <num>72A</num>
            <heading>After section 701A-5</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-701A-7">
            <num>701A-7</num>
            <heading>Modified application of Part 3-90 of Income Tax Assessment Act 1997 to registered emissions units of continuing majority-owned entity</heading>
            <hcontainer name="subclause" eId="schedule-2__clause-701A-7__subclause-1">
              <num>1</num>
              <content>
                <p>	(1)	The operation of <i>Income Tax Assessment Act 1997</i> is modified in accordance with this section in relation to each asset of a continuing majority-owned entity that is a registered emissions unit just before the entity becomes a subsidiary member of the entity’s designated group.<ref href="#part-3">Part 3</ref>-90 of the </p>
              </content>
            </hcontainer>
            <content>
              <p>Continuing majority-owned entity to revalue its registered emissions units under normal provisions</p>
              <p>For head company, registered emissions units to be retained cost base asset with tax cost setting amount equal to entity’s year-end valuation</p>
              <p>Taxation Administration Act 1953</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-701A-7__subclause-2">
              <num>2</num>
              <content>
                <p>For the entity core purposes:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-2__clause-701A-7__para-a">
              <num>a</num>
              <content>
                <p>	(a)	subsection 701-35(5) of the <i>Income Tax Assessment Act 1997</i> does not apply in relation to the asset; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-2__clause-701A-7__para-b">
              <num>b</num>
              <content>
                <p>instead, the value of the asset at the end of the income year that ends, or, if <ref href="#sec-701">section 701</ref>-30 of that Act applies, of the income year that is taken by subsection (3) of that section to end, is the value determined in accordance with sections 420-51 to 420-58 of that Act.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-2__clause-701A-7__subclause-3">
              <num>3</num>
              <content>
                <p>For the head company core purposes when the continuing majority-owned entity becomes a subsidiary member of the designated group, the asset is a retained cost base asset whose tax cost setting amount is equal to the value applicable in accordance with paragraph (2)(b).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-2__clause-73">
            <num>73</num>
            <heading>After subsection 45-120(5) in Schedule 1</heading>
            <content>
              <p>Insert:</p>
              <p>Gross proceeds on disposal of registered emissions units included in instalment income</p>
            </content>
            <hcontainer name="subclause" eId="schedule-2__clause-73__subclause-5A">
              <num>5A</num>
              <content>
                <p>	(5A)	Your <b><i>instalment income</i></b> for a period also includes an amount that section 420-25 of the <i>Income Tax Assessment Act 1997</i> includes in your assessable income, for the income year that is or includes that period, because you cease to *hold a *registered emissions unit during that period.</p>
              </content>
            </hcontainer>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-3">
          <heading>Amendments relating to renewable energy certificates</heading>
          <content>
            <p>Renewable Energy (Electricity) Act 2000</p>
          </content>
          <hcontainer name="clause" eId="schedule-3__clause-1">
            <num>1</num>
            <heading>Section 11</heading>
            <content>
              <p>Repeal the section, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-11">
            <num>11</num>
            <heading>Regulator to refuse or approve application</heading>
            <hcontainer name="subclause" eId="schedule-3__clause-11__subclause-1">
              <num>1</num>
              <content>
                <p>If the Regulator receives an application that is properly made under <ref href="#sec-10">section 10</ref>, the Regulator must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-3__clause-11__para-a">
              <num>a</num>
              <content>
                <p>approve the application; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-11__para-b">
              <num>b</num>
              <content>
                <p>refuse the application.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-3__clause-11__subclause-2">
              <num>2</num>
              <content>
                <p>The Regulator may refuse the application if the Regulator is satisfied that the applicant is not a fit and proper person.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-3__clause-11__subclause-2A">
              <num>2A</num>
              <content>
                <p>For the purposes of subsection (2), in determining whether the applicant is a fit and proper person, the Regulator:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-3__clause-11__para-a">
              <num>a</num>
              <content>
                <p>must have regard to the matters specified in regulations made for the purposes of this subsection; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-11__para-b">
              <num>b</num>
              <content>
                <p>may have regard to such other matters (if any) as the Regulator considers relevant.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-3__clause-11__subclause-3">
              <num>3</num>
              <content>
                <p>The Regulator must refuse the application if the Regulator is satisfied that the applicant has previously been a registered person.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-2">
            <num>2</num>
            <heading>At the end of section 23AAA</heading>
            <content>
              <p>Add:</p>
              <p>that is or are relevant to the performance of the functions, or the exercise of the powers, conferred on the Regulator by <ref href="#sec-26">section 26</ref>.</p>
              <p>Note:	Inspections carried out in accordance with regulations made under subsection (1):</p>
            </content>
            <hcontainer name="subclause" eId="schedule-3__clause-2__subclause-3">
              <num>3</num>
              <content>
                <p>A report of an inspection carried out in accordance with regulations made under subsection (1) may set out:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-3__clause-2__para-a">
              <num>a</num>
              <content>
                <p>conclusions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-2__para-b">
              <num>b</num>
              <content>
                <p>recommendations; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-2__para-c">
              <num>c</num>
              <content>
                <p>other material;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-3__clause-2__subclause-4">
              <num>4</num>
              <content>
                <p>Subsection (3) does not limit the matters that may be set out in a report.</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-3__clause-2__para-a">
              <num>a</num>
              <content>
                <p>may be relevant in determining whether a certificate is eligible for registration under <ref href="#sec-26">section 26</ref> (see subsection 26(3AA)); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-2__para-b">
              <num>b</num>
              <content>
                <p>provide an indication of the effectiveness of the process for the registration of certificates.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-3">
            <num>3</num>
            <heading>After subsection 26(3)</heading>
            <content>
              <p>Insert:</p>
              <p>(3AA)	In determining whether a certificate is eligible for registration, the Regulator must have regard to any relevant:</p>
              <p>set out in a report of an inspection carried out in accordance with regulations made under subsection 23AAA(1).</p>
              <p>Note:	Subsection 23AAA(1) deals with the inspection of the installation of small generation units.</p>
              <p>(3AB)	Subsection (3AA) does not limit the matters to which regard may be had.</p>
            </content>
            <paragraph eId="schedule-3__clause-3__para-a">
              <num>a</num>
              <content>
                <p>conclusions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-3__para-b">
              <num>b</num>
              <content>
                <p>recommendations; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-3__para-c">
              <num>c</num>
              <content>
                <p>other material;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-4">
            <num>4</num>
            <heading>After subsection 26(3A)</heading>
            <content>
              <p>Insert:</p>
              <p>that is or are relevant to the performance of the functions, or the exercise of the powers, conferred on the Regulator by this section.</p>
            </content>
            <hcontainer name="subclause" eId="schedule-3__clause-4__subclause-3B">
              <num>3B</num>
              <content>
                <p>The amount of a fee prescribed under subsection (3A) must be reasonably related to the expenses incurred, or to be incurred, by the Commonwealth in connection with:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-3__clause-4__para-a">
              <num>a</num>
              <content>
                <p>the performance of the Regulator’s functions, or the exercise of the Regulator’s powers, under this section; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-4__para-b">
              <num>b</num>
              <content>
                <p>the carrying out of inspections in accordance with regulations made under subsection 23AAA(1), to the extent to which the inspections are relevant to the performance of the functions, or the exercise of the powers, conferred on the Regulator by this section; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-4__para-c">
              <num>c</num>
              <content>
                <p>the preparation of reports of inspections carried out in accordance with regulations made under subsection 23AAA(1), to the extent to which such reports set out:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-4__para-i">
              <num>i</num>
              <content>
                <p>conclusions; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-4__para-ii">
              <num>ii</num>
              <content>
                <p>recommendations; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-4__para-iii">
              <num>iii</num>
              <content>
                <p>other material;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-3__clause-4__subclause-3C">
              <num>3C</num>
              <content>
                <p>A fee prescribed under subsection (3A) must not be such as to amount to taxation.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-5">
            <num>5</num>
            <heading>At the end of section 30A</heading>
            <content>
              <p>Add:</p>
              <p>Prescribed ground</p>
            </content>
            <hcontainer name="subclause" eId="schedule-3__clause-5__subclause-5">
              <num>5</num>
              <content>
                <p>The Regulator may, by written notice, suspend the registration of a registered person if the Regulator is satisfied that the registered person is not a fit and proper person.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-3__clause-5__subclause-5A">
              <num>5A</num>
              <content>
                <p>For the purposes of subsection (5), in determining whether the registered person is a fit and proper person, the Regulator:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-3__clause-5__para-a">
              <num>a</num>
              <content>
                <p>must have regard to the matters specified in regulations made for the purposes of this subsection; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-3__clause-5__para-b">
              <num>b</num>
              <content>
                <p>may have regard to such other matters (if any) as the Regulator considers relevant.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-3__clause-5__subclause-6">
              <num>6</num>
              <content>
                <p>The registration is suspended for such period (including permanently) as the Regulator considers appropriate in all of the circumstances. That period must be specified in the notice.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-3__clause-6">
            <num>6</num>
            <heading>Application—registration under the Renewable Energy (Electricity) Act 2000</heading>
            <content>
              <p>The amendment of <i>Renewable Energy (Electricity) Act 2000</i> made by this Schedule applies in relation to applications for registration made after the commencement of this item.<ref href="#dvs-2">Division 2</ref> of Part 2 of the </p>
            </content>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-4">
          <heading>Amendments relating to the Australian National Registry of Emissions Units</heading>
          <content>
            <p>Australian National Registry of Emissions Units Act 2011</p>
          </content>
          <hcontainer name="clause" eId="schedule-4__clause-1">
            <num>1</num>
            <heading>Section 3</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units” (wherever occurring), substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-2">
            <num>2</num>
            <heading>Section 4 (paragraph (e) of the definition of eligible international emissions unit)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-3">
            <num>3</num>
            <heading>Section 4 (paragraph (b) of the definition of foreign account)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-4">
            <num>4</num>
            <heading>Section 4 (paragraph (b) of the definition of foreign account)</heading>
            <content>
              <p>Omit “foreign non-Kyoto registry”, substitute “foreign registry”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-5">
            <num>5</num>
            <heading>Section 4 (definition of foreign non-Kyoto registry)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-6">
            <num>6</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>foreign registry</i></b> means a registry that:</p>
            </content>
            <paragraph eId="schedule-4__clause-6__para-a">
              <num>a</num>
              <content>
                <p>is located in a foreign country; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-6__para-b">
              <num>b</num>
              <content>
                <p>is specified in the regulations.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-7">
            <num>7</num>
            <heading>Section 4 (definition of non-Kyoto international emissions unit)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-8">
            <num>8</num>
            <heading>Section 4</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>prescribed international unit</i></b> means:</p>
              <p>It is immaterial whether a unit covered by paragraph (a) was issued in or outside Australia.</p>
            </content>
            <paragraph eId="schedule-4__clause-8__para-a">
              <num>a</num>
              <content>
                <p>a prescribed unit issued in accordance with an international agreement (other than the Kyoto Protocol); or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-8__para-b">
              <num>b</num>
              <content>
                <p>a prescribed unit issued outside Australia under a law of a foreign country.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-9">
            <num>9</num>
            <heading>Section 4 (paragraph (c) of the definition of registered holder)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-10">
            <num>10</num>
            <heading>Section 4 (paragraph (b) of the definition of transfer)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-11">
            <num>11</num>
            <heading>Subsection 5(6)</heading>
            <content>
              <p>Omit “subsections 14(3) and (4)”, substitute “<ref href="#sec-14A">section 14A</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-12">
            <num>12</num>
            <heading>Paragraph 15(2)(d)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-13">
            <num>13</num>
            <heading>Subsection 16(5)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-14">
            <num>14</num>
            <heading>Subsection 17(3) (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
              <p>Prescribed international units</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-15">
            <num>15</num>
            <heading>Subsection 17(3)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-16">
            <num>16</num>
            <heading>After subsection 19(3)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-16__subclause-3A">
              <num>3A</num>
              <content>
                <p>The Administrator must not exercise the power conferred by subsection (1) of this section in a manner contrary to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-16__para-a">
              <num>a</num>
              <content>
                <p>regulations made for the purposes of <ref href="#sec-32A">section 32A</ref> or 49A of this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-16__para-b">
              <num>b</num>
              <content>
                <p>	(b)	<i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.<ref href="#sec-150A">section 150A</ref> of the </p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-17">
            <num>17</num>
            <heading>Section 21 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-21">
            <num>21</num>
            <heading>General power of correction of Registry—prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-18">
            <num>18</num>
            <heading>Subsection 21(1)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-19">
            <num>19</num>
            <heading>After subsection 22(4)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-19__subclause-4A">
              <num>4A</num>
              <content>
                <p>The court must not make an order that is contrary to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-19__para-a">
              <num>a</num>
              <content>
                <p>regulations made for the purposes of <ref href="#sec-32A">section 32A</ref> or 49A of this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-19__para-b">
              <num>b</num>
              <content>
                <p>	(b)	<i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.<ref href="#sec-150A">section 150A</ref> of the </p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-20">
            <num>20</num>
            <heading>At the end of subsection 25(1)</heading>
            <content>
              <p>Add:</p>
              <p>Note:	See also <i>Evidence Act 1995</i>.<ref href="#sec-155">section 155</ref> of the </p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-21">
            <num>21</num>
            <heading>Subsection 25(2)</heading>
            <content>
              <p>Repeal the subsection.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-22">
            <num>22</num>
            <heading>Subparagraph 26(3)(a)(iii)</heading>
            <content>
              <p>Repeal the subparagraph, substitute:</p>
            </content>
            <paragraph eId="schedule-4__clause-22__para-iii">
              <num>iii</num>
              <content>
                <p>prescribed international units;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-23">
            <num>23</num>
            <heading>At the end of Division 7 of Part 2</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-28A">
            <num>28A</num>
            <heading>Administrator may defer giving effect to a transfer instruction</heading>
            <content>
              <p>Scope</p>
              <p>to or from a Registry account kept in the name of a person.</p>
              <p>Administrator may defer giving effect to the instruction</p>
              <p>Prior notice not required</p>
              <p>Other provisions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-28A__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the Administrator receives an instruction to transfer one or more:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28A__para-a">
              <num>a</num>
              <content>
                <p>Australian carbon credit units; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28A__para-b">
              <num>b</num>
              <content>
                <p>Kyoto units; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28A__para-c">
              <num>c</num>
              <content>
                <p>prescribed international units;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28A__subclause-2">
              <num>2</num>
              <content>
                <p>The Administrator may defer giving effect to the instruction, for a period not exceeding 48 hours, if the Administrator is satisfied that it is prudent to do so in order to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28A__para-a">
              <num>a</num>
              <content>
                <p>ensure the integrity of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28A__para-b">
              <num>b</num>
              <content>
                <p>prevent, mitigate or minimise abuse of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28A__para-c">
              <num>c</num>
              <content>
                <p>prevent, mitigate or minimise criminal activity involving the Registry.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28A__subclause-3">
              <num>3</num>
              <content>
                <p>The Administrator is not required to give any prior notice of a deferral under subsection (2).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28A__subclause-4">
              <num>4</num>
              <content>
                <p>This section has effect despite:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28A__para-a">
              <num>a</num>
              <content>
                <p>any other provision of this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28A__para-b">
              <num>b</num>
              <content>
                <p>	(b)	anything in the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-28B">
            <num>28B</num>
            <heading>Administrator may refuse to give effect to a transfer instruction</heading>
            <content>
              <p>Scope</p>
              <p>to or from a Registry account kept in the name of a person.</p>
              <p>Administrator may refuse to give effect to instruction</p>
              <p>Notification</p>
              <p>Prior notice not required</p>
              <p>Decision on request</p>
              <p>Other provisions</p>
              <p>Note:	For additional powers of refusal, see:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies if the Administrator receives an instruction to transfer one or more:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>Australian carbon credit units; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>Kyoto units; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-c">
              <num>c</num>
              <content>
                <p>prescribed international units;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-2">
              <num>2</num>
              <content>
                <p>The Administrator may refuse to give effect to the instruction if the Administrator is satisfied that it is prudent to do so in order to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>ensure the integrity of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>prevent, mitigate or minimise abuse of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-c">
              <num>c</num>
              <content>
                <p>prevent, mitigate or minimise criminal activity involving the Registry.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-3">
              <num>3</num>
              <content>
                <p>As soon as practicable after the Administrator refuses, under subsection (2), to give effect to the instruction, the Administrator must give written notice of the refusal to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>in any case—the person; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>if the instruction was given by another person—that other person.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-4">
              <num>4</num>
              <content>
                <p>A notice given to a person under subsection (3) must invite the person to request the Administrator to cease to refuse to give effect to the instruction.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-5">
              <num>5</num>
              <content>
                <p>A request under subsection (4) must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved, in writing, by the Administrator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-c">
              <num>c</num>
              <content>
                <p>set out the reason for the request.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-6">
              <num>6</num>
              <content>
                <p>If the person makes a request under subsection (4), the Administrator may, by written notice given to the person, require the person to give the Administrator, within the period specified in the notice, further information in connection with the request.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-7">
              <num>7</num>
              <content>
                <p>The Administrator is not required to give any prior notice of a refusal under subsection (2).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-8">
              <num>8</num>
              <content>
                <p>If the Administrator receives a request under subsection (4), the Administrator must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>cease to refuse to give effect to the instruction; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>decide to continue to refuse to give effect to the instruction.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-9">
              <num>9</num>
              <content>
                <p>The Administrator must take all reasonable steps to ensure that a decision is made under subsection (8):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>if the Administrator requires the person to give further information under subsection (6) in relation to the request—<quantity refersTo="#deadline">within 7 days</quantity> after the person gave the Administrator the information; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#deadline">within 7 days</quantity> after the request was made.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-10">
              <num>10</num>
              <content>
                <p>As soon as practicable after the Administrator makes a decision under subsection (8), the Administrator must notify the person, in writing, of the decision.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28B__subclause-11">
              <num>11</num>
              <content>
                <p>This section has effect despite:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>any other provision of this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>	(b)	anything in the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-a">
              <num>a</num>
              <content>
                <p>paragraph 34(3)(a) of this Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-b">
              <num>b</num>
              <content>
                <p>paragraph 35(3)(a) of this Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-c">
              <num>c</num>
              <content>
                <p>subsection 36(2) of this Act; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28B__para-d">
              <num>d</num>
              <content>
                <p>subsection 53(2) of this Act.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-28C">
            <num>28C</num>
            <heading>Conditions restricting or limiting the operation of Registry accounts</heading>
            <content>
              <p>Scope</p>
              <p>Imposition of conditions</p>
              <p>Notification</p>
              <p>Request</p>
              <p>Further information</p>
              <p>Prior notice not required</p>
              <p>Decision in relation to instrument made on own initiative</p>
              <p>Revocation of instrument made in response to a request</p>
              <p>the Administrator must, at the written request of the person, revoke the instrument.</p>
              <p>Acts Interpretation Act</p>
              <p>Other provisions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to a Registry account kept in the name of a person.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-2">
              <num>2</num>
              <content>
                <p>The Administrator may, by written instrument, impose conditions restricting or limiting the operation of the Registry account for a specified period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-3">
              <num>3</num>
              <content>
                <p>The Administrator may exercise the power conferred by subsection (2):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>on the Administrator’s own initiative; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>on written request made to the Administrator by the person.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-4">
              <num>4</num>
              <content>
                <p>The Administrator must not make an instrument under subsection (2) unless the Administrator is satisfied that it is prudent to do so in order to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>ensure the integrity of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>prevent, mitigate or minimise abuse of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-c">
              <num>c</num>
              <content>
                <p>prevent, mitigate or minimise criminal activity involving the Registry.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-5">
              <num>5</num>
              <content>
                <p>A condition under subsection (2) may:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>prohibit, restrict or limit the transfer of units from the Registry account; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>prohibit, restrict or limit the transfer of units to the Registry account.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-6">
              <num>6</num>
              <content>
                <p>Subsection (5) does not limit subsection (2).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-7">
              <num>7</num>
              <content>
                <p>As soon as practicable after making an instrument under subsection (2), the Administrator must give the person a copy of the instrument.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-8">
              <num>8</num>
              <content>
                <p>If an instrument under subsection (2) is made on the Administrator’s own initiative, the copy of the instrument must be accompanied by a notice inviting the person to request the Administrator to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>revoke the instrument; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>vary the instrument in the manner specified in the request.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-9">
              <num>9</num>
              <content>
                <p>A request under paragraph (3)(b) or subsection (8) must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved, in writing, by the Administrator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-c">
              <num>c</num>
              <content>
                <p>set out the reason for the request.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-10">
              <num>10</num>
              <content>
                <p>If the person makes a request under subsection (8), the Administrator may, by written notice given to the person, require the person to give the Administrator, within the period specified in the notice, further information in connection with the request.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-11">
              <num>11</num>
              <content>
                <p>The Administrator is not required to give any prior notice of a decision to make an instrument under subsection (2).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-12">
              <num>12</num>
              <content>
                <p>If the Administrator receives a request under subsection (8), the Administrator must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>if the request is to revoke the instrument:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-i">
              <num>i</num>
              <content>
                <p>revoke the instrument; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-ii">
              <num>ii</num>
              <content>
                <p>decide not to revoke the instrument; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>if the request is to vary the instrument:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-i">
              <num>i</num>
              <content>
                <p>vary the instrument as requested; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-ii">
              <num>ii</num>
              <content>
                <p>decide not to vary the instrument.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-13">
              <num>13</num>
              <content>
                <p>The Administrator must take all reasonable steps to ensure that a decision is made under subsection (12):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>if the Administrator requires the person to give further information under subsection (10) in relation to the request—<quantity refersTo="#deadline">within 7 days</quantity> after the person gave the Administrator the information; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#deadline">within 7 days</quantity> after the request was made.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-14">
              <num>14</num>
              <content>
                <p>As soon as practicable after the Administrator makes a decision under subsection (12), the Administrator must notify the person, in writing, of the decision.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-15">
              <num>15</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>an instrument is in force under subsection (2); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>the instrument was made in response to a request under paragraph (3)(b);</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-16">
              <num>16</num>
              <content>
                <p>	(16)	Subsections (12) and (15) do not, by implication, limit subsection 33(3) of the <i>Acts Interpretation Act 1901</i>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28C__subclause-17">
              <num>17</num>
              <content>
                <p>This section has effect despite:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28C__para-a">
              <num>a</num>
              <content>
                <p>any other provision of this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28C__para-b">
              <num>b</num>
              <content>
                <p>	(b)	anything in the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-28D">
            <num>28D</num>
            <heading>Suspension of Registry accounts</heading>
            <content>
              <p>Scope</p>
              <p>Suspension</p>
              <p>Notification</p>
              <p>Request</p>
              <p>Further information</p>
              <p>Prior notice not required</p>
              <p>Decision in relation to instrument made on own initiative</p>
              <p>Revocation of instrument made in response to a request</p>
              <p>the Administrator must, at the written request of the person, revoke the instrument.</p>
              <p>Acts Interpretation Act</p>
              <p>Other provisions</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-1">
              <num>1</num>
              <content>
                <p>This section applies to a Registry account kept in the name of a person.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-2">
              <num>2</num>
              <content>
                <p>The Administrator may, by written instrument, suspend the Registry account for a specified period.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-3">
              <num>3</num>
              <content>
                <p>The Administrator may exercise the power conferred by subsection (2):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>on the Administrator’s own initiative; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>on written request made to the Administrator by the person.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-4">
              <num>4</num>
              <content>
                <p>The Administrator must not make an instrument under subsection (2) unless the Administrator is satisfied that it is prudent to do so in order to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>ensure the integrity of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>prevent, mitigate or minimise abuse of the Registry; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-c">
              <num>c</num>
              <content>
                <p>prevent, mitigate or minimise criminal activity involving the Registry.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-5">
              <num>5</num>
              <content>
                <p>If an account is suspended under subsection (2):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>the Administrator must not:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-i">
              <num>i</num>
              <content>
                <p>give effect to any instruction to transfer units to or from the Registry account; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-ii">
              <num>ii</num>
              <content>
                <p>issue any Australian carbon credit units to the Registry account; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>	(b)	a notice to relinquish Australian carbon credit units under <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i> does not have effect.<ref href="#sec-175">section 175</ref> of the </p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-6">
              <num>6</num>
              <content>
                <p>As soon as practicable after making an instrument under subsection (2), the Administrator must give the person a copy of the instrument.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-7">
              <num>7</num>
              <content>
                <p>If an instrument under subsection (2) is made on the Administrator’s own initiative, the copy of the instrument must be accompanied by a notice inviting the person to request the Administrator to:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>revoke the instrument; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>vary the instrument in the manner specified in the request.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-8">
              <num>8</num>
              <content>
                <p>A request under paragraph (3)(b) or subsection (7) must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>be in writing; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>be in a form approved, in writing, by the Administrator; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-c">
              <num>c</num>
              <content>
                <p>set out the reason for the request.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-9">
              <num>9</num>
              <content>
                <p>If the person makes a request under subsection (7), the Administrator may, by written notice given to the person, require the person to give the Administrator, within the period specified in the notice, further information in connection with the request.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-10">
              <num>10</num>
              <content>
                <p>The Administrator is not required to give any prior notice in relation to the decision to make an instrument under subsection (2).</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-11">
              <num>11</num>
              <content>
                <p>If the Administrator receives a request under subsection (7), the Administrator must:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>if the request is to revoke the instrument:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-i">
              <num>i</num>
              <content>
                <p>revoke the instrument; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-ii">
              <num>ii</num>
              <content>
                <p>decide not to revoke the instrument; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>if the request is to vary the instrument:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-i">
              <num>i</num>
              <content>
                <p>vary the instrument as requested; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-ii">
              <num>ii</num>
              <content>
                <p>decide not to vary the instrument.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-12">
              <num>12</num>
              <content>
                <p>The Administrator must take all reasonable steps to ensure that a decision is made under subsection (11):</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>if the Administrator requires the person to give further information under subsection (9) in relation to the request—<quantity refersTo="#deadline">within 7 days</quantity> after the person gave the Administrator the information; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>otherwise—<quantity refersTo="#deadline">within 7 days</quantity> after the request was made.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-13">
              <num>13</num>
              <content>
                <p>As soon as practicable after the Administrator makes a decision under subsection (11), the Administrator must notify the person, in writing, of the decision.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-14">
              <num>14</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>an instrument is in force under subsection (2); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>the instrument was made in response to a request under paragraph (3)(b);</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-15">
              <num>15</num>
              <content>
                <p>	(15)	Subsections (11) and (14) do not, by implication, limit subsection 33(3) of the <i>Acts Interpretation Act 1901</i>.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-28D__subclause-16">
              <num>16</num>
              <content>
                <p>This section has effect despite:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-28D__para-a">
              <num>a</num>
              <content>
                <p>any other provision of this Act; or</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-28D__para-b">
              <num>b</num>
              <content>
                <p>	(b)	anything in the <i>Carbon Credits (Carbon Farming Initiative) Act 2011</i>.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-24">
            <num>24</num>
            <heading>After section 32</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-32A">
            <num>32A</num>
            <heading>Ownership of Kyoto unit</heading>
            <hcontainer name="subclause" eId="schedule-4__clause-32A__subclause-1">
              <num>1</num>
              <content>
                <p>The regulations may provide that the registered holder of a Kyoto unit:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-32A__para-a">
              <num>a</num>
              <content>
                <p>is the legal owner of the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-32A__para-b">
              <num>b</num>
              <content>
                <p>may, subject to this Act, deal with the unit as its legal owner and give good discharges for any consideration for any such dealing.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-32A__subclause-2">
              <num>2</num>
              <content>
                <p>Regulations made for the purposes of subsection (1) only protect a person who deals with the registered holder of the unit as a purchaser:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-32A__para-a">
              <num>a</num>
              <content>
                <p>in good faith for value; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-32A__para-b">
              <num>b</num>
              <content>
                <p>without notice of any defect in the title of the registered holder.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-25">
            <num>25</num>
            <heading>After section 45</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-45A">
            <num>45A</num>
            <heading>Registration of equitable interests in relation to Kyoto units</heading>
            <hcontainer name="subclause" eId="schedule-4__clause-45A__subclause-1">
              <num>1</num>
              <content>
                <p>The regulations may make provision for or in relation to the registration in the Registry of equitable interests in relation to Kyoto units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-45A__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	Subsection (1) does not apply to an equitable interest that is a security interest within the meaning of the <i>Personal Property Securities Act 2009</i>, and to which that Act applies.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-25A">
            <num>25A</num>
            <heading>After subsection 47(1)</heading>
            <content>
              <p>Insert:</p>
              <p>Effect of transmission</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-25A__subclause-1A">
              <num>1A</num>
              <content>
                <p>The transmission is of no force until the Administrator transfers the unit under subsection (7) or (8).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-26">
            <num>26</num>
            <heading>Part 4 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-27">
            <num>27</num>
            <heading>Section 48</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-28">
            <num>28</num>
            <heading>Section 49 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-49">
            <num>49</num>
            <heading>Entries for prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-29">
            <num>29</num>
            <heading>Section 49</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-30">
            <num>30</num>
            <heading>After section 49</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-49A">
            <num>49A</num>
            <heading>Ownership of prescribed international unit</heading>
            <hcontainer name="subclause" eId="schedule-4__clause-49A__subclause-1">
              <num>1</num>
              <content>
                <p>The regulations may provide that the registered holder of a prescribed international unit:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-49A__para-a">
              <num>a</num>
              <content>
                <p>is the legal owner of the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-49A__para-b">
              <num>b</num>
              <content>
                <p>may, subject to this Act, deal with the unit as its legal owner and give good discharges for any consideration for any such dealing.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-4__clause-49A__subclause-2">
              <num>2</num>
              <content>
                <p>Regulations made for the purposes of subsection (1) only protect a person who deals with the registered holder of the unit as a purchaser:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-4__clause-49A__para-a">
              <num>a</num>
              <content>
                <p>in good faith for value; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-4__clause-49A__para-b">
              <num>b</num>
              <content>
                <p>without notice of any defect in the title of the registered holder.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-31">
            <num>31</num>
            <heading>Section 50 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-50">
            <num>50</num>
            <heading>Transfer of prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-32">
            <num>32</num>
            <heading>Subsections 50(1) and (2)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-33">
            <num>33</num>
            <heading>Section 51 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-51">
            <num>51</num>
            <heading>Domestic transfers of prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-34">
            <num>34</num>
            <heading>Subsection 51(1)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-35">
            <num>35</num>
            <heading>Section 52 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-52">
            <num>52</num>
            <heading>Outgoing international transfers of prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-36">
            <num>36</num>
            <heading>Subsection 52(1)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-37">
            <num>37</num>
            <heading>Section 53 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-53">
            <num>53</num>
            <heading>Incoming international transfers of prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-38">
            <num>38</num>
            <heading>Subsection 53(1)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit” (wherever occurring), substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-39">
            <num>39</num>
            <heading>Subsections 53(2) and (3)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-40">
            <num>40</num>
            <heading>Section 54 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-54">
            <num>54</num>
            <heading>A registered prescribed international unit is personal property for certain purposes</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-41">
            <num>41</num>
            <heading>Subsection 54(1)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-42">
            <num>42</num>
            <heading>After section 54</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-54A">
            <num>54A</num>
            <heading>Registration of equitable interests in relation to prescribed international units</heading>
            <hcontainer name="subclause" eId="schedule-4__clause-54A__subclause-1">
              <num>1</num>
              <content>
                <p>The regulations may make provision for or in relation to the registration in the Registry of equitable interests in relation to prescribed international units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-4__clause-54A__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	Subsection (1) does not apply to an equitable interest that is a security interest within the meaning of the <i>Personal Property Securities Act 2009</i>, and to which that Act applies.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-43">
            <num>43</num>
            <heading>Section 55 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-55">
            <num>55</num>
            <heading>Equitable interests in relation to a prescribed international unit</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-44">
            <num>44</num>
            <heading>Subsection 55(1)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-45">
            <num>45</num>
            <heading>Section 56 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-56">
            <num>56</num>
            <heading>Transmission of registered prescribed international units by operation of law etc.</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-46">
            <num>46</num>
            <heading>Paragraph 56(1)(a)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-47">
            <num>47</num>
            <heading>After subsection 56(1)</heading>
            <content>
              <p>Insert:</p>
              <p>Effect of transmission</p>
            </content>
            <hcontainer name="subclause" eId="schedule-4__clause-47__subclause-1A">
              <num>1A</num>
              <content>
                <p>The transmission is of no force until the Administrator transfers the prescribed international unit under subsection (7) or (8).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-48">
            <num>48</num>
            <heading>Section 57 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-57">
            <num>57</num>
            <heading>Regulations about prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-49">
            <num>49</num>
            <heading>Section 57</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-50">
            <num>50</num>
            <heading>Section 58</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-51">
            <num>51</num>
            <heading>Subsection 61(3) (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
              <p>Prescribed international units</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-52">
            <num>52</num>
            <heading>Paragraphs 61(3)(a) and (4)(a)</heading>
            <content>
              <p>Omit “<b><i>non</i></b><b><i>-</i></b><b><i>Kyoto international emissions unit</i></b>”, substitute “<b><i>prescribed international unit</i></b>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-53">
            <num>53</num>
            <heading>Section 63 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-63">
            <num>63</num>
            <heading>Information about number of voluntarily cancelled prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-54">
            <num>54</num>
            <heading>Section 63</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units” (wherever occurring), substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-55">
            <num>55</num>
            <heading>Section 64</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-56">
            <num>56</num>
            <heading>Section 66 (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-66">
            <num>66</num>
            <heading>Voluntary cancellation of prescribed international units</heading>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-57">
            <num>57</num>
            <heading>Subsection 66(1)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions units”, substitute “prescribed international units”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-58">
            <num>58</num>
            <heading>Paragraph 66(2)(a)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-59">
            <num>59</num>
            <heading>Paragraph 66(2)(b)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-60">
            <num>60</num>
            <heading>Subsection 66(3)</heading>
            <content>
              <p>Omit “non-Kyoto international emissions unit”, substitute “prescribed international unit”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-4__clause-61">
            <num>61</num>
            <heading>Section 82 (at the end of the table)</heading>
            <content>
              <p>Add:</p>
            </content>
          </hcontainer>
        </hcontainer>
      </attachment>
      <attachment>
        <hcontainer name="schedule" eId="schedule-5">
          <heading>Amendments relating to the Carbon Farming Initiative</heading>
          <content>
            <p>Carbon Credits (Carbon Farming Initiative) Act 2011</p>
          </content>
          <hcontainer name="clause" eId="schedule-5__clause-1">
            <num>1</num>
            <heading>Section 5 (definition of foreign account)</heading>
            <content>
              <p>Omit “foreign non-Kyoto registry”, substitute “foreign registry”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-2">
            <num>2</num>
            <heading>Section 5 (definition of foreign non-Kyoto registry)</heading>
            <content>
              <p>Repeal the definition.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-3">
            <num>3</num>
            <heading>Section 5</heading>
            <content>
              <p>Insert:</p>
              <p><b><i>foreign registry</i></b> has the same meaning as in the <i>Australian National Registry of Emissions Units Act 2011</i>.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-4">
            <num>4</num>
            <heading>Subsection 7(6)</heading>
            <content>
              <p>Omit “subsections 14(3) and (4)”, substitute “<ref href="#sec-14A">section 14A</ref>”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-5">
            <num>5</num>
            <heading>After subsection 16(2)</heading>
            <content>
              <p>Insert:</p>
              <p>Prescribed non-CFI offsets scheme</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-5__subclause-2A">
              <num>2A</num>
              <content>
                <p>If the project area for the project is or was, or the project areas for the project are or were, wholly or partly covered by a prescribed non-CFI offsets scheme, the number worked out using the formula in subsection (2) is to be reduced by the number ascertained in accordance with the regulations.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-6">
            <num>6</num>
            <heading>Before subsection 16(3)</heading>
            <content>
              <p>Insert:</p>
              <p>Rounding down</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-7">
            <num>7</num>
            <heading>After subsection 17(3)</heading>
            <content>
              <p>Insert:</p>
              <p>Prescribed non-CFI offsets scheme</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-7__subclause-3A">
              <num>3A</num>
              <content>
                <p>If the project area for the project is or was, or the project areas for the project are or were, wholly or partly covered by a prescribed non-CFI offsets scheme, the number worked out using the formula in subsection (2) or (3) is to be reduced by the number ascertained in accordance with the regulations.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-8">
            <num>8</num>
            <heading>At the end of section 18</heading>
            <content>
              <p>Add:</p>
              <p>Prescribed non-CFI offsets scheme</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-8__subclause-3">
              <num>3</num>
              <content>
                <p>If the project area for the project is or was, or the project areas for the project are or were, wholly or partly covered by a prescribed non-CFI offsets scheme, the number of tonnes referred to in subsection (2) is to be reduced by the number ascertained in accordance with the regulations.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-9">
            <num>9</num>
            <heading>Subparagraph 23(1)(e)(i)</heading>
            <content>
              <p>Omit “was, or the project areas for the project were”, substitute “is or was, or the project areas for the project are or were”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-10">
            <num>10</num>
            <heading>After subparagraph 23(1)(e)(i)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <paragraph eId="schedule-5__clause-10__para-ia">
              <num>ia</num>
              <content>
                <p>the prescribed non-CFI offsets scheme is specified in regulations made for the purposes of this subparagraph; and</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-11">
            <num>11</num>
            <heading>Paragraph 27(4)(m)</heading>
            <content>
              <p>Omit “project; and”, substitute “project.”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-12">
            <num>12</num>
            <heading>Paragraph 27(4)(n)</heading>
            <content>
              <p>Repeal the paragraph.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-13">
            <num>13</num>
            <heading>After subsection 41(4)</heading>
            <content>
              <p>Insert:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-13__subclause-4A">
              <num>4A</num>
              <content>
                <p>Paragraph (1)(b) does not apply to a requirement of a kind specified in the regulations.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-5__clause-13__subclause-4B">
              <num>4B</num>
              <content>
                <p>	(4B)	Subsection (4A) does not, by implication, limit the application of subsection 13(3) of the <i>Legislative Instruments Act 2003</i> to another instrument under this Act.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-14">
            <num>14</num>
            <heading>At the end of section 41</heading>
            <content>
              <p>Add:</p>
              <p>Regulations</p>
              <p>this Act has effect, and is taken always to have had effect, as if <role refersTo="#minister">the Minister</role> had, before recommending to the Governor-General that those regulations should be made:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-14__subclause-6">
              <num>6</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-5__clause-14__para-a">
              <num>a</num>
              <content>
                <p>	(a)	regulations specifying a particular kind of project were made for the purposes of paragraph (1)(a), in accordance with <i>Acts Interpretation Act 1901</i>, during the period:<ref href="#sec-4">section 4</ref> of the </p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-14__para-i">
              <num>i</num>
              <content>
                <p>beginning at the commencement of <ref href="#sec-1">section 1</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-14__para-ii">
              <num>ii</num>
              <content>
                <p>ending at the commencement of <ref href="#sec-3">section 3</ref>; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-14__para-b">
              <num>b</num>
              <content>
                <p>before recommending to the Governor-General that those regulations should be made, <role refersTo="#minister">the Minister</role> requested the Interim Domestic Offsets Integrity Committee to advise <role refersTo="#minister">the Minister</role> about whether such a project should, or should not, be specified in those regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-14__para-c">
              <num>c</num>
              <content>
                <p><role refersTo="#minister">the Minister</role> had regard to any such advice;</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-14__para-d">
              <num>d</num>
              <content>
                <p>requested the Domestic Offsets Integrity Committee to advise <role refersTo="#minister">the Minister</role> about whether such a project should, or should not, be specified in those regulations; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-14__para-e">
              <num>e</num>
              <content>
                <p>complied with paragraph (3)(c); and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-14__para-f">
              <num>f</num>
              <content>
                <p>complied with subsection (5).</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-15">
            <num>15</num>
            <heading>At the end of subsection 95(2)</heading>
            <content>
              <p>Add:</p>
              <p>; and (c)	if the project is a landfill legacy emissions avoidance project—paragraph 41(1)(b) had not been enacted.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-16">
            <num>16</num>
            <heading>Subsection 95(3)</heading>
            <content>
              <p>Omit “was, or the project areas were”, substitute “is or was, or the project areas are or were”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-17">
            <num>17</num>
            <heading>At the end of subsection 95(3)</heading>
            <content>
              <p>Add “that is specified in regulations made for the purposes of subparagraph 23(1)(e)(ia)”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-18">
            <num>18</num>
            <heading>Subsection 131(3) (heading)</heading>
            <content>
              <p>Repeal the heading, substitute:</p>
              <p>Effect</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-19">
            <num>19</num>
            <heading>At the end of section 131</heading>
            <content>
              <p>Add:</p>
              <p>this Act has effect, and is taken always to have had effect, as if the Domestic Offsets Integrity Committee had complied with paragraph 112(5)(a) and subsection 112(6) in relation to the proposal.</p>
              <p>this Act has effect, and is taken always to have had effect, as if the Domestic Offsets Integrity Committee had complied with paragraph 112(5)(b) and subsection 112(11) in relation to the proposal.</p>
              <p>this Act has effect, and is taken always to have had effect, as if the Domestic Offsets Integrity Committee had received the submissions under subsection 112(5) within the time limit referred to in subparagraph 112(5)(a)(ii).</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-19__subclause-4">
              <num>4</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-5__clause-19__para-a">
              <num>a</num>
              <content>
                <p>before the commencement of this section, the Interim Domestic Offsets Integrity Committee published on the Department’s website:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-19__para-i">
              <num>i</num>
              <content>
                <p>the proposal; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-19__para-ii">
              <num>ii</num>
              <content>
                <p>a notice inviting the public to make a submission to the Committee on the proposal by a specified time limit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-19__para-b">
              <num>b</num>
              <content>
                <p>the time limit was not shorter than 30 days;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-5__clause-19__subclause-5">
              <num>5</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-5__clause-19__para-a">
              <num>a</num>
              <content>
                <p>before the commencement of this section, the Interim Domestic Offsets Integrity Committee received any submissions in accordance with a notice referred to in subsection (4) in relation to the proposal; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-19__para-b">
              <num>b</num>
              <content>
                <p>before the commencement of this section, the Interim Domestic Offsets Integrity Committee:</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-19__para-i">
              <num>i</num>
              <content>
                <p>considered the submissions; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-19__para-ii">
              <num>ii</num>
              <content>
                <p>published the submissions on the Department’s website;</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-5__clause-19__subclause-6">
              <num>6</num>
              <content>
                <p>Subparagraph (5)(b)(ii) does not apply in relation to a particular submission made by a person if the person has requested the Interim Domestic Offsets Integrity Committee not to publish the submission on the ground that publication of the submission could reasonably be expected to substantially prejudice the commercial interests of the person or another person.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-5__clause-19__subclause-7">
              <num>7</num>
              <content>
                <p>If:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-5__clause-19__para-a">
              <num>a</num>
              <content>
                <p>before the commencement of this section, the Interim Domestic Offsets Integrity Committee received any submissions in accordance with a notice referred to in subsection (4) in relation to a proposal; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-19__para-b">
              <num>b</num>
              <content>
                <p>paragraph (5)(b) does not apply in relation to the submissions;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-20">
            <num>20</num>
            <heading>After section 150</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-150A">
            <num>150A</num>
            <heading>Ownership of Australian carbon credit unit</heading>
            <hcontainer name="subclause" eId="schedule-5__clause-150A__subclause-1">
              <num>1</num>
              <content>
                <p>The registered holder of an Australian carbon credit unit:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-5__clause-150A__para-a">
              <num>a</num>
              <content>
                <p>is the legal owner of the unit; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-150A__para-b">
              <num>b</num>
              <content>
                <p>	(b)	may, subject to this Act and the <i>Australian National Registry of Emissions Units Act 2011</i>, deal with the unit as its legal owner and give good discharges for any consideration for any such dealing.</p>
              </content>
            </paragraph>
            <hcontainer name="subclause" eId="schedule-5__clause-150A__subclause-2">
              <num>2</num>
              <content>
                <p>Subsection (1) only protects a person who deals with the registered holder of the unit as a purchaser:</p>
              </content>
            </hcontainer>
            <paragraph eId="schedule-5__clause-150A__para-a">
              <num>a</num>
              <content>
                <p>in good faith for value; and</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-150A__para-b">
              <num>b</num>
              <content>
                <p>without notice of any defect in the title of the registered holder.</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-21">
            <num>21</num>
            <heading>Subsection 152(1)</heading>
            <content>
              <p>After “Australian carbon credit unit”, insert “for which there is an entry in a Registry account”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-22">
            <num>22</num>
            <heading>Subsection 153(1)</heading>
            <content>
              <p>After “Australian carbon credit unit”, insert “for which there is an entry in a Registry account”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-22A">
            <num>22A</num>
            <heading>After subsection 153(1)</heading>
            <content>
              <p>Insert:</p>
              <p>Effect of transmission</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-22A__subclause-1A">
              <num>1A</num>
              <content>
                <p>The transmission is of no force until the Administrator transfers the Australian carbon credit unit under subsection (7) or (8).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-23">
            <num>23</num>
            <heading>After section 157</heading>
            <content>
              <p>Insert:</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-157A">
            <num>157A</num>
            <heading>Registration of equitable interests in relation to an Australian carbon credit unit</heading>
            <hcontainer name="subclause" eId="schedule-5__clause-157A__subclause-1">
              <num>1</num>
              <content>
                <p>The regulations may make provision for or in relation to the registration in the Registry of equitable interests in relation to Australian carbon credit units.</p>
              </content>
            </hcontainer>
            <hcontainer name="subclause" eId="schedule-5__clause-157A__subclause-2">
              <num>2</num>
              <content>
                <p>	(2)	Subsection (1) does not apply to an equitable interest that is a security interest within the meaning of the <i>Personal Property Securities Act 2009</i>, and to which that Act applies.</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-24">
            <num>24</num>
            <heading>Paragraph 162(a)</heading>
            <content>
              <p>Omit “before 31 December 2011”, substitute “<quantity refersTo="#deadline">within 6 months</quantity> after the commencement of this section”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-25">
            <num>25</num>
            <heading>Subsection 257(3)</heading>
            <content>
              <p>Repeal the subsection, substitute:</p>
            </content>
            <hcontainer name="subclause" eId="schedule-5__clause-25__subclause-3">
              <num>3</num>
              <content>
                <p><role refersTo="#minister">The Minister</role> must ensure that the Chair of the Domestic Offsets Integrity Committee is not a person covered by subsection (4).</p>
              </content>
            </hcontainer>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-26">
            <num>26</num>
            <heading>Subsection 257(6)</heading>
            <content>
              <p>Omit “one Domestic Offsets Integrity Committee member is an officer”, substitute “at least one, and not more than 2, Domestic Offsets Integrity Committee members are officers”.</p>
            </content>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-27">
            <num>27</num>
            <heading>Paragraph 276(1)(b)</heading>
            <content>
              <p>Repeal the paragraph, substitute:</p>
            </content>
            <paragraph eId="schedule-5__clause-27__para-b">
              <num>b</num>
              <content>
                <p>Low Carbon Australia Limited (ACN 141 478 748);</p>
              </content>
            </paragraph>
            <paragraph eId="schedule-5__clause-27__para-ba">
              <num>ba</num>
              <content>
                <p>the Australian Transaction Reports and Analysis Centre;</p>
              </content>
            </paragraph>
          </hcontainer>
          <hcontainer name="clause" eId="schedule-5__clause-28">
            <num>28</num>
            <heading>Section 280</heading>
            <content>
              <p>Omit “is already publicly available”, substitute “has already been lawfully made available to the public”.</p>
              <p>Endnotes</p>
              <p>Endnote 1—About the endnotes</p>
              <p>The endnotes provide information about this compilation and the compiled law.</p>
              <p>The following endnotes are included in every compilation:</p>
              <p>Endnote 1—About the endnotes</p>
              <p>Endnote 2—Abbreviation key</p>
              <p>Endnote 3—Legislation history</p>
              <p>Endnote 4—Amendment history</p>
              <p>
                <b>Abbreviation key—</b>
                <b>E</b>
                <b>ndnote 2</b>
              </p>
              <p>The abbreviation key sets out abbreviations that may be used in the endnotes.</p>
              <p>
                <b>Legislation history and amendment history—</b>
                <b>E</b>
                <b>ndnotes 3 and 4</b>
              </p>
              <p>Amending laws are annotated in the legislation history and amendment history.</p>
              <p>The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.</p>
              <p>The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.</p>
              <p>
                <b>Editorial changes</b>
              </p>
              <p>The <i>Legislation Act 2003</i> authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.</p>
              <p>If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.</p>
              <p>
                <b>Misdescribed amendments</b>
              </p>
              <p>A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under <i>Legislation Act 2003</i>.<ref href="#sec-15V">section 15V</ref> of the </p>
              <p>If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.</p>
              <p>Endnote 2—Abbreviation key</p>
              <p>Endnote 3—Legislation history</p>
              <p>Endnote 4—Amendment history</p>
            </content>
          </hcontainer>
        </hcontainer>
      </attachment>
    </attachments>
  </act>
</akomaNtoso>
