Document ID: chunk:federal_register_of_legislation:C2024C00572:section:7:p6
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 7 (pt 6/7)
Character Range: 28942–31863

carbon dioxide equivalence, that is one fifth of the total amount of safeguard emissions for the period of 5 financial years that ended:
 (a) if the current financial year ends before 1 July 2027—3 years before the start of the current financial year; or
 (b) otherwise—2 years before the start of the current financial year.
person means any of the following:
 (a) an individual;
 (b) a body corporate;
 (c) a trust;
 (d) a corporation sole;
 (e) a body politic;
 (f) a local governing body.
prescribed carbon unit has the meaning given by section 22XM.
production, of energy, has the meaning given by section 10.
reduction, of greenhouse gas emissions, has the meaning given by section 10.
Register means the National Greenhouse and Energy Register maintained under section 16.
registered corporation means a corporation that is registered under this Act.
registered greenhouse and energy auditor means an individual who is registered in the register of greenhouse and energy auditors kept under section 75A.
registered holder, in relation to a prescribed carbon unit or a relinquishable unit, means the person in whose Registry account there is an entry for the unit.
registered person means a person registered under this Act.
Registry means the Australian National Registry of Emissions Units continued in existence under the Australian National Registry of Emissions Units Act 2011.
Registry account has the same meaning as in the Australian National Registry of Emissions Units Act 2011.
Regulator means the Clean Energy Regulator.
relinquishable unit means an Australian carbon credit unit or a safeguard mechanism credit unit.
removal, of greenhouse gas, has the meaning given by section 10.
reporting transfer certificate means a certificate issued under section 22L.
reporting transfer test has the meaning given by section 22J.
responsible emitter has the meaning given by section 22XH.
safeguard audit means an audit carried out for the purposes of preparing an audit report prescribed by safeguard rules made for the purposes of paragraph 22XNA(4)(c) or subsection 22XQ(3).
safeguard audit report means an audit report prescribed by safeguard rules made for the purposes of paragraph 22XNA(4)(c) or subsection 22XQ(3).
safeguard commencement day means the day on which Part 3H commences.
safeguard emissions, for a financial year, means the total amount, in tonnes of carbon dioxide equivalence, of covered emissions from the operation, during the financial year, of all designated large facilities for the financial year.
safeguard mechanism credit unit means a unit issued under section 22XNA.
safeguard outcome has the meaning given by subsection 3(2).
safeguard provisions means the following provisions:
 (a) subsection 3(2);
 (b) section 15B;
 (c) section 18AA;
 (ca) paragraph 18B(3)(ba);
 (d) Part 3G;
 (e) Part 3H.
safeguard rules means rules made under section 22XS.
scope 1 emission of greenhouse