Document ID: chunk:federal_register_of_legislation:C2011A00156:clause:1_1
Version: federal_register_of_legislation:C2011A00156
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 3198–3788

1  Subsection 3(1)
Insert:
average carbon unit auction price for a substitution day mentioned in section 6FA, 6FB or 6H means the amount that:
 (a) is worked out under section 196 of the Clean Energy Act 2011 taking account of auctions conducted in the 6 months ending at the end of:
 (i) the last May before the substitution day, if it is 1 July (in 2015 or a later year); or
 (ii) the last November before the substitution day, if it is 1 January (in 2016 or a later year); and
 (b) is the first amount that is worked out in that way for those 6 months and published under that section.