Document ID: chunk:federal_register_of_legislation:C2011A00156:clause:1_3
Version: federal_register_of_legislation:C2011A00156
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 4783–5667

3                      1 July in 2015 or a later year or 1 January in 2016 or a later year  The amount that is:
                                                                                            (a) worked out for the substitution day using the formula in subsection (3); and
                                                                                            (b) rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more);
                                                                                            per litre

 (3) The formula is:
Note: Average carbon unit auction price is defined in subsection 3(1).

Application of replacement rate
 (4) The replacement rate applies to gasoline that is entered for home consumption on or after the substitution day (but before the next substitution day) and is for use as fuel in aircraft.