Document ID: chunk:federal_register_of_legislation:F2022C00011:reg:5
Version: federal_register_of_legislation:F2022C00011
Segment Type: reg
Provision Reference: reg 5
Character Range: 3944–6028

5  Amount of charge imposed on the manufacture of emissions‑controlled products
 (1) This section is made for the purposes of section 6 of the Act.

Person has not passed the manufacture threshold
 (2) If:
 (a) a person manufactures an emissions‑controlled product at a particular time in a financial year; and
 (b) at that time, the person has not passed the manufacture threshold for the financial year;
the amount of the charge imposed on the manufacture of the product is nil.

Person passes the manufacture threshold
 (3) If:
 (a) a person manufactures an emissions‑controlled product at a particular time in a financial year; and
 (b) at that time, the person passes the manufacture threshold for the financial year;
the amount of the charge imposed on the manufacture of the product is to be worked out using the following formula:
where:
total product price means the sum of the product prices of each emissions‑controlled product that the person has manufactured at the time the person passes the manufacture threshold for the financial year.

Person has already passed the manufacture threshold
 (4) If:
 (a) a person manufactures an emissions‑controlled product at a particular time in a financial year; and
 (b) at that time, the person has already passed the manufacture threshold for the financial year;
the amount of the charge imposed on the manufacture of the product is to be worked out by multiplying the product price of the product by 0.0033.

Passes the manufacture threshold
 (5) A person who manufactures an emissions‑controlled product at a particular time in a financial year passes the manufacture threshold for the financial year if the sum of the following amounts is more than $44,000:
 (a) the product price of the product;
 (b) the sum of the product prices of any other emissions‑controlled products previously manufactured by the person in the financial year.

Rounding
 (6) An amount worked out under subsection (3) or (4) is to be rounded to the nearest cent (rounding 0.5 cents upwards).

Part 3—Transitional, application and saving provisions