Clean Energy (Consequential Amendments) Act 2011 (132 of 2011)

Schedule 1   General amendments

Part 2   Amendments commencing on 1 July 2012

Division 1   Amendments

Ozone Protection and Synthetic Greenhouse Gas Management Act 1989

448   At the end of section 65C

Add:

Prescribed rate component

(4) For the purposes of paragraph (1)(aa), the prescribed rate component of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:

Number of tonnes of the SGG x Prescribed rate

where:

number of tonnes of the SGG means the number of tonnes of the SGG to which the levy relates.

prescribed rate means the applicable rate prescribed by the regulations made for the purposes of the definition of prescribed rate in subsection 3A(7) of theOzone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995.

(5) For the purposes of paragraph (1)(ab), the prescribed rate component of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:

Number of tonnes of the SGG contained in the equipment x Prescribed rate

where:

number of tonnes of the SGG contained in the equipment means the number of tonnes of the SGG contained in the equipment to which the levy relates.

prescribed rate means the applicable rate prescribed by the regulations made for the purposes of the definition of prescribed rate in subsection 4A(5) of theOzone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995.

(6) For the purposes of paragraph (1)(ac), the prescribed rate component of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:

Number of tonnes of the SGG x Prescribed rate

where:

number of tonnes of the SGG means the number of tonnes of the SGG to which the levy relates.

prescribed rate means the rate prescribed by the regulations made for the purposes of the definition of prescribed rate in subsection 3A(5) of theOzone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995.