Document ID: chunk:federal_register_of_legislation:F2024C01008:reg:50:p2
Version: federal_register_of_legislation:F2024C01008
Segment Type: reg
Provision Reference: reg 50 (pt 2/2)
Character Range: 55780–56552

HFC activities engaged in by the person during the year, if that quantity is less than:
 (i) for 2020—75% of the amount mentioned in paragraph (a) of this subregulation; or
 (ii) for later calendar years—90% of the amount mentioned in paragraph (a) of this subregulation.

Annual amount of licensed activities—effect of allocation of reserve HFC quota
 (5) For the purposes of paragraph (4)(b), if:
 (a) the person is allocated reserved HFC quota for a calendar year (the current year) in respect of a consignment of HFCs ordered before 1 October of the previous calendar year (see paragraph 62(1)(b)); and
 (b) the consignment is imported in the current year;
then the consignment is taken to have been imported in the previous calendar year rather than the current year.