Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:10
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 10
Character Range: 36534–37608

10  Baseline emissions number—special rules

Minimum baseline
 (1) The baseline emissions number for a facility for a financial year is 100,000 if:
 (a) the baseline emissions number for the facility for the financial year that is ascertained in accordance with Divisions 2 to 7 of this Part is a number less than 100,000; and
 (b) that number is not less than 100,000 merely because of a borrowing adjustment for the facility for the financial year.
Note: This means that the baseline emissions number for a facility for a financial year can be less than 100,000 if there is a sufficiently large borrowing adjustment for the facility for that financial year.

Zero baseline for shale gas extraction facilities
 (2) The baseline emissions number for a facility for a financial year is zero if the facility is a shale gas extraction facility.

Zero baseline from 2050
 (3) The baseline emissions number for a facility for a financial year that begins after 30 June 2049 is zero.

Division 2—Existing facilities

Subdivision A—Baseline emissions number for existing facility