Document ID: chunk:federal_register_of_legislation:C2024C00572:section:22xg
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 22XG
Character Range: 102482–104915

22XG  Monitoring periods

Monitoring period—single financial year
 (1) For the purposes of this Act, if:
 (a) a person is the responsible emitter for a facility throughout a financial year; and
 (b) the financial year is not included in a declared multi‑year period for the facility; and
 (c) the facility is a designated large facility for the financial year;
the financial year is a monitoring period for the facility in relation to the person.
Note: For declared multi‑year period, see subsection (5).

Monitoring period—part of a single financial year
 (2) For the purposes of this Act, if:
 (a) a person is the responsible emitter for a facility throughout a part of a financial year; and
 (b) the financial year is not included in a declared multi‑year period for the facility; and
 (c) the facility is a designated large facility for the financial year;
the part of the financial year is a monitoring period for the facility in relation to the person.
Note: For declared multi‑year period, see subsection (5).

Monitoring period—declared multi‑year period
 (3) For the purposes of this Act, if:
 (a) there is a declared multi‑year period for a facility; and
 (b) a person is the responsible emitter for the facility throughout the declared multi‑year period; and
 (c) the facility is a designated large facility for at least one of the financial years included in the declared multi‑year period;
the declared multi‑year period is a monitoring period for the facility in relation to the person.
Note: For declared multi‑year period, see subsection (5).

Monitoring period—part of a declared multi‑year period
 (4) For the purposes of this Act, if:
 (a) there is a declared multi‑year period for a facility; and
 (b) a person is the responsible emitter for the facility throughout a part of the declared multi‑year period; and
 (c) the facility is a designated large facility for at least one of the financial years included in the declared multi‑year period;
the part of the declared multi‑year period is a monitoring period for the facility in relation to the person.
Note: For declared multi‑year period, see subsection (5).

Declared multi‑year period
 (5) The safeguard rules may empower the Regulator to declare in writing that, for the purposes of this section, a specified period is a declared multi‑year period for a specified facility.
 (6) The specified period must consist of 2 or more consecutive financial years.