Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:33
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 33
Character Range: 83742–84885

33  Emissions reduction contribution for regular facility
 (1) If:
 (a) a facility is a regular facility in a financial year; and
 (b) the facility was not a trade‑exposed baseline‑adjusted facility in any previous financial year;
the emissions reduction contribution for the facility for the financial year is the default emissions reduction contribution for that financial year.
 (2) If:
 (a) a facility is a regular facility in a financial year (the relevant financial year); and
 (b) the facility was a trade‑exposed baseline‑adjusted facility in a previous financial year;
the emissions reduction contribution for the facility for the relevant financial year is the number worked out using the following formula:
where:
ERCy is the emissions reduction contribution for the facility for the financial year ending immediately before the relevant financial year.
DR is the default decline rate for the relevant financial year.
 (3) The number worked out using the formula in subsection (2) is to be rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more).

Subdivision C—Trade‑exposed baseline‑adjusted facilities