Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:36:p2
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 36 (pt 2/2)
Character Range: 89344–91339

less than or equal to zero, the assessed cost impact for the facility for the financial year is the significant cost impact threshold for the facility.

First adjusted financial year
 (6) The first adjusted financial year, for a facility, is:
 (a) if the assessed cost impact for the facility is being worked out for the purposes of making or considering an application under section 39 for a determination that the facility is a trade‑exposed baseline‑adjusted facility in a particular financial year and the next 2 financial years—that particular financial year; or
 (b) if:
 (i) the facility is a trade‑exposed baseline‑adjusted facility in a financial year because of a determination in force under section 42; and
 (ii) the assessed cost impact for the facility is being worked out for the purposes of working out the emissions reduction contribution for the facility for the financial year;
  the first financial year in which the facility is a trade‑exposed baseline‑adjusted facility because of that determination.

Hypothetical baseline
 (7) The hypothetical baseline of a facility for a financial year is:
 (a) in the case where an application under section 39 for a determination that the facility is a trade‑exposed baseline‑adjusted facility in that financial year and the next 2 financial years is being made or considered—the number that is equal to what the baseline emissions number for the facility for that financial year would be if that determination were not to be made; or
 (b) in the case where:
 (i) the facility is a trade‑exposed baseline‑adjusted facility in a financial year because of a determination in force under section 42; and
 (ii) the assessed cost impact for the facility is being worked out for the purposes of working out the emissions reduction contribution for the facility for the financial year;
  the number that is equal to what the baseline emissions number for the facility for that financial year would be if that determination had not been made.