Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-50 - CLIMATE CHANGE  

Division 421 - Hydrogen production tax incentive  

Subdivision 421-B - Certification of production profiles  

SECTION 421-50   Application for certification  

421-50(1)    
The * holder of a * registered production profile for hydrogen may apply to the Clean Energy Regulator for the profile to be certified:

(a)    in relation to a particular facility, and a particular * production pathway, specified in the profile; and

(b)    from a particular time.

421-50(2)    
The time specified in the application, as mentioned in paragraph (1)(b) , must not be later than the start of the day when the application is made (and may be any time before the start of that day).

421-50(3)    
The application is taken not to be made unless:

(a)    it is in a form (if any) prescribed under subsection (5) ; and

(b)    it is accompanied by any information, documents or other materials prescribed under subsection (5) ; and

(c)    without limiting paragraphs (a) and (b) of this subsection - it is accompanied by an eligibility statement for the * registered production profile that relates to the facility and the * production pathway.

421-50(4)    
For the purposes of paragraph (3)(c) , an eligibility statement for the * registered production profile that relates to the facility and the * production pathway is a statement by the * holder of the profile to the effect that there are reasonable grounds to believe that, if the profile is certified, a company will be entitled to the * hydrogen production tax offset for an income year in respect of one or more kilograms of hydrogen produced at the facility in accordance with the production pathway.

421-50(5)    
The Clean Energy Regulator may, by notifiable instrument, do any of the following:

(a)    prescribe a form for the purposes of paragraph (3)(a) ;

(b)    prescribe information, documents or other materials for the purposes of paragraph (3)(b) .