Document ID: chunk:federal_register_of_legislation:C2024C00572:section:7:p2
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 7 (pt 2/7)
Character Range: 18681–21536

the Climate Change Act 2022; or
 (b) in any other case—the greenhouse gas emissions reduction targets included in:
 (i) Australia's current nationally determined contribution communicated in accordance with Article 4 of the Paris Agreement; or
 (ii) if that nationally determined contribution has been adjusted in accordance with paragraph 11 of Article 4 of the Paris Agreement—that nationally determined contribution, as adjusted and in force from time to time.
authorised officer means an officer appointed under section 57.
avoid, in relation to emissions of greenhouse gases, includes reduce or eliminate.
baseline emissions number has the meaning given by section 22XL.
biodiversity audit has the same meaning as in the Nature Repair Act 2023.
biodiversity audit report has the same meaning as in the Nature Repair Act 2023.
business day means a day that is not:
 (a) a Saturday; or
 (b) a Sunday; or
 (c) a public holiday in the Australian Capital Territory.
business unit has the meaning given by the regulations.
carbon abatement means:
 (a) the removal of one or more greenhouse gases from the atmosphere; or
 (b) the avoidance of emissions of one or more greenhouse gases.
carbon abatement contract has the same meaning as in the Carbon Credits (Carbon Farming Initiative) Act 2011.
carbon capture and storage means:
 (a) the storage of a greenhouse gas substance in a part of a geological formation; or
 (b) the injection of a greenhouse gas substance into a part of a geological formation for the purposes of such storage; or
 (c) the capture, compression, processing, offloading, transportation or piped conveyance of a greenhouse gas substance, where the compression, processing, offloading, transportation or piped conveyance is for the purposes of such storage.
An expression used in this definition has the same meaning as in the Offshore Petroleum and Greenhouse Gas Storage Act 2006. For this purpose, assume that each reference in the definition of greenhouse gas substance in section 7 of that Act to a prescribed greenhouse gas were a reference to a greenhouse gas (within the meaning of this Act).
carbon dioxide equivalence, of an amount of greenhouse gas, means the amount of the gas multiplied by a value specified in the regulations in relation to that kind of greenhouse gas.
Chapter 5 body corporate has the same meaning as in the Corporations Act 2001.
civil penalty provision has the meaning given by section 29.
Commonwealth Registry account has the same meaning as in the Australian National Registry of Emissions Units Act 2011.
constitutional corporation means a corporation to which paragraph 51(xx) of the constitution applies.
consumption, of energy, has the meaning given by section 10.
controlling corporation means a constitutional corporation that does not have a holding company incorporated in Australia.
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