Document ID: chunk:federal_register_of_legislation:C2012A00200:clause:1_2
Version: federal_register_of_legislation:C2012A00200
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 2604–3227

2  Subsection 3(1)
Insert:
per‑tonne carbon price equivalent for a substitution day mentioned in section 6FA or 6FB means the per‑tonne carbon price equivalent that:
 (a) is worked out under section 196A of the Clean Energy Act 2011 for the 6‑month period ending at the end of:
 (i) the last May before the substitution day, if it is 1 July (in 2015 or a later year); or
 (ii) the last November before the substitution day, if it is 1 January (in 2016 or a later year); and
 (b) is the first per‑tonne carbon price equivalent that is worked out under that section for that 6‑month period and published under that section.