Document ID: chunk:federal_register_of_legislation:F2018L00560:clause:1_8
Version: federal_register_of_legislation:F2018L00560
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 13313–15096

8  Meaning of baseline period
Baseline period—general rule
 (1) For this determination, and subject to section 26 (which deals with transferring project areas), the baseline period for a particular area of land is:
 (a) for an area of land that is wholly within the high rainfall zone—the period of 10 calendar years; and
 (b) for an area of land that is wholly within the low rainfall zone—the period of 15 calendar years;
  that ends immediately before:
 (c) for an area of land that is part of a project area that was identified in the section 27 declaration when the project was declared an eligible offsets project—the calendar year in which the crediting period of the project begins; and
 (d) for an area of land that is part of a project area that was identified in the section 27 declaration at a later date—the calendar year in which the relevant variation of the section 27 declaration took effect.
Note 1: If a project area has a single project area part (that is, if the project area lies entirely within a single rainfall zone), it has a single baseline period. If a project area has two project area parts (that is, if the project area spans both rainfall zones), the project area does not have a single baseline period. Instead, each project area part has its own baseline period.
Note 2: For transferring project areas, the former determination generally fixed a baseline period. Section 26 preserves the baseline period that applied under the former determination.
Baseline period—subdivided project areas
 (2) The baseline period of an area of land in a subdivided project area is the same as the baseline period of the area of land in the original project area.
Note: See subsection 15(2) for the meaning of 'subdivided project area' and 'original project area'.