Document ID: chunk:federal_register_of_legislation:F2018L00560:clause:1_34
Version: federal_register_of_legislation:F2018L00560
Segment Type: clause
Provision Reference: sch 1 cl 34
Character Range: 54550–56452

34  The net abatement amount, A
 (1) For paragraph 106(1)(c) of the Act, the net abatement amount for a reporting period, A, in tonnes CO2‑e, is, subject to subsection (2), given by the following equation:
  equation 1

  where:
y is a calendar year that ends during the reporting period.
N is the number of calendar years that end during the reporting period (1 or 2).
AEA,adj,y is the adjusted contribution to the net abatement amount from emissions avoidance for calendar year y, in tonnes CO2‑e, and:
 (a) is calculated using SavBAT 3; or
 (b) is given by the amount AEA,adj as calculated for calendar year y in accordance with Schedule 1.
Note: For paragraph (b), see section 2 of Schedule 1.
Adjustments to calculations—multiple project areas
 (2) If a project includes more than one project area, the net abatement amount for the project is ascertained by:
 (a) calculating a value of A in tonnes CO2‑e in accordance with equation 1 for each project area individually; and
 (b) summing the values so calculated.
Documents on which calculations are based
 (3) When calculating the adjusted contributions to the net abatement amount for a particular calendar year of the reporting period, if, as a result of paragraph 7(3)(a), later versions of either or both of the following:
 (a) the Savanna Fire Management LDS Start Date spatial data layer;
 (b) the Savanna Fire Management LDS End Date spatial data layer;
  are applicable in relation to the calendar year, apply those later versions to each calendar year of the baseline period.
Note: Otherwise, calculations are based on instruments or writings (including the savanna technical guidance document, SavBAT 3, the National Inventory Report, and vegetation fuel type maps) as in force at the end of the reporting period. See subsection 10(1).
Part 5—Reporting, record‑keeping and monitoring requirements
Division 1—Offsets report requirements