Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:12
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 12
Character Range: 40346–41926

12  Meaning of existing facility
 (1) A facility is an existing facility if there are one or more historical production variables or transitional production variables for the facility.
 (2) A historical production variable, for a facility, is a production variable that:
 (a) was applicable to the facility, in accordance with Schedule 1, at any time during a historical financial year; and
 (b) was not a non‑commercial production variable for the facility for the historical financial year.
 (3) A historical financial year is:
 (a) the financial year beginning on 1 July 2017; or
 (b) the financial year beginning on 1 July 2018; or
 (c) the financial year beginning on 1 July 2019; or
 (d) the financial year beginning on 1 July 2020; or
 (e) the financial year beginning on 1 July 2021.
 (4) A transitional production variable, for a facility, is a production variable that:
 (a) was not applicable to the facility, in accordance with Schedule 1, at any time during a historical financial year; and
 (b) was applicable to the facility, in accordance with Schedule 1, at a time during the financial year beginning on 1 July 2022; and
 (c) was not a non‑commercial production variable for the facility for the financial year beginning on 1 July 2022.
 (5) A non‑commercial production variable, for a facility for a financial year, is a production variable that, at a time during the financial year, was applicable to the facility, in accordance with Schedule 1, merely because of testing or piloting activities undertaken at the facility.

Subdivision B—Transition proportion