Document ID: chunk:federal_register_of_legislation:F2015L00682:reg:93
Version: federal_register_of_legislation:F2015L00682
Segment Type: reg
Provision Reference: reg 93
Character Range: 121713–122763

93  Calculating initial carbon stock for a stratum
 (1) For equations 3a and 3c, this section sets initial carbon stock, and the standard error for the initial carbon stock, for a stratum in the first reporting period in which the stratum is referenced.
Initial carbon stock normally zero
 (2) Subject to this section:
 (a) the initial carbon stock is zero; and
 (b) the standard error is zero.
Initial carbon stocks for pre-existing strata
 (3) For a pre-existing stratum:
 (a) the initial carbon stock is the reported value of the closing stock in the relevant offsets report; and
 (b) the standard error is:
 (i) if a standard error for the carbon stock was also reported in the relevant offsets report—that value; and
 (ii) otherwise—zero.
 (4) For this section:
pre-existing stratum means a pre-existing stratum established by subsection 17(10) because section 15 applied to the project; and
relevant offsets report means the relevant offsets report for the project under section 15.
Subdivision 4—Calculating closing carbon stock for a stratum