Safeguard Mechanism (Crediting) Amendment Act 2023 (14 of 2023)

Schedule 1   Safeguard mechanism

Part 1   Amendment of the National Greenhouse and Energy Reporting Act 2007

National Greenhouse and Energy Reporting Act 2007

27   Subsection 22XK(2)

Omit "by the number of prescribed carbon units surrendered.", substitute:

by:

(c) if the safeguard rules provide that this paragraph applies to the surrender of those units - the number worked out in accordance with the safeguard rules for that surrender; or

(d) otherwise - the number of units surrendered.