Document ID: chunk:federal_register_of_legislation:C2024C00572:section:7:p5
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 7 (pt 5/7)
Character Range: 26413–29169

is a member of a controlling corporation's group.
holding company, in relation to a body corporate, is a body corporate of which the first body corporate is a subsidiary.
industry sector has the meaning given by the regulations.
insolvent under administration has the same meaning as in the Corporations Act 2001.
international agreement means an agreement whose parties are:
 (a) Australia and a foreign country; or
 (b) Australia and 2 or more foreign countries.
issue, in relation to a safeguard mechanism credit unit, means issue under section 22XNA.
joint venture means an unincorporated enterprise carried on by 2 or more persons in common otherwise than in partnership.
Kyoto Protocol means the Kyoto Protocol to the United Nations Framework Convention on Climate Change done at Kyoto on 11 December 1997, as amended and in force for Australia from time to time.
Note: The Kyoto Protocol is in Australian Treaty Series 2008 No. 2 ([2008] ATS 2) and could in 2014 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
local governing body means a local governing body established by or under a law of a State or Territory.
member, in relation to a group, has the meaning given by subsection 8(2).
monitoring period has the meaning given by section 22XG.
natural gas has the meaning given by the regulations.
net emissions number has the meaning given by section 22XK.
net safeguard emissions, for a financial year, means the total amount, in tonnes of carbon dioxide equivalence, of net covered emissions from the operation, during the financial year, of all designated large facilities for the financial year.
non‑group entity means a person who is not a member of a controlling corporation's group.
official of the Regulator has the same meaning as in the Clean Energy Regulator Act 2011.
offsets, of greenhouse gas emissions, has the meaning given by section 10.
operation, in relation to a facility, includes the subsistence of the facility.
operational control has the meaning given by section 11, 11A, 11B or 11C.
Paris Agreement means the Paris Agreement, done at Paris on 12 December 2015, as amended and in force for Australia from time to time.
Note: The Agreement is in Australian Treaty Series 2016 No. 24 ([2016] ATS 24) and could in 2022 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
past 5‑year rolling average safeguard emissions, for a financial year (the current financial year), means the amount, in tonnes of 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