Document ID: chunk:federal_register_of_legislation:F2017C00466:clause:2_6:p3
Version: federal_register_of_legislation:F2017C00466
Segment Type: clause
Provision Reference: sch 2 cl 6 (pt 3/3)
Character Range: 17699–18890

same reporting periods covering all herds, the offsets report for a reporting period must cover the abatement calculations for each herd with an assessment year that finishes during the reporting period.  The abatement is calculated for the whole of each such assessment year, even if it started before the reporting period.
      In the last reporting period for the project, there will be no abatement calculated for a herd in relation to time after its last assessment year.
      Setting a crediting period for the project
      To ensure that the project proponent can get credit in relation to the full 7 assessment years for each initial herd, it should, in its section 22 application, specify a date for the commencement of the crediting period that is later than the declaration date for the project (which is the default date for the beginning of the crediting period under the Act).
      The date specified should be after all the initial herds of the project will have had at least one assessment day. This will ensure that they all have one assessment year for each year of the crediting period. (The first assessment year for each herd will begin before the crediting period.)