Document ID: chunk:federal_register_of_legislation:F2025C00080:clause:1_10a
Version: federal_register_of_legislation:F2025C00080
Segment Type: clause
Provision Reference: sch 1 cl 10A
Character Range: 52994–54220

10A  Eligible offsets projects in relation to which Regulator must not enter into carbon abatement contracts for purchase of eligible carbon units
 (1) This section is made for the purposes of subsection 20C(3) of the Act.
 (2) An eligible offsets project that is likely to involve carbon abatement of covered emissions of greenhouse gases from the operation of a designated large facility for a financial year, and which does not meet all of the criteria in subsection (3), is specified.
 (3) The criteria are:
 (a) the project must also be likely to involve carbon abatement of emissions other than covered emissions of greenhouse gases from the operation of the designated large facility;
 (b) the methodology determination that covers the project must provide a method for working out the carbon dioxide equivalent net abatement amount for the project in relation to a reporting period that does not include carbon abatement of covered emissions from the operation of the designated large facility;
 (c) that method must be used when working out the carbon dioxide equivalent net abatement amount for the project in relation to a reporting period.
 (4) In this section, operation has the same meaning as in the NGER Act.