Document ID: chunk:federal_register_of_legislation:F2022L00047:clause:6_54
Version: federal_register_of_legislation:F2022L00047
Segment Type: clause
Provision Reference: sch 6 cl 54
Character Range: 100422–101340

54  Net abatement amount—where previous net abatement amount negative
 (1) This section applies if the net abatement amount for the project for the previous reporting period RP – 1 was less than zero.
 (2) The net abatement amount for the reporting period RP () (in tonnes CO2‑e) is calculated using the following equation:
  Equation 26

  where:
 is the net abatement amount A (in tonnes CO2‑e) for the previous reporting period RP – 1, as reported in the previous offsets report (which is a negative number).
 is the net carbon stock change (in tonnes CO2‑e) in a project area PA for the reporting period RP—from equation 24.
Part 5—Reporting, record‑keeping and monitoring requirements
Note: The reporting, record‑keeping and monitoring requirements in this Part supplement the general requirements relating to those matters set out in regulations and rules made under the Act.
Division 5.1—Reporting requirements