Document ID: chunk:federal_register_of_legislation:F2018L00562:clause:2_28:p2
Version: federal_register_of_legislation:F2018L00562
Segment Type: clause
Provision Reference: sch 2 cl 28 (pt 2/2)
Character Range: 52664–53440

subsection (1), if a project to which the transferring project area previously belonged had 2 crediting periods as a result of subsection 70(4) of the Act, disregard the first crediting period.
Crediting period for some continuing transferring projects
 (4) For subparagraph 70(2)(b)(ii) of the Act, if:
 (a) a savanna sequestration project is a continuing transferring project; and
 (b) the project was an eligible offsets project immediately before the commencement of Part 5 of the Act;
  the period of 25 years and 18 days is specified.
Note 1: Part 5 of the Act commenced on 13 December 2014.
Note 2: For continuing transferring projects that became eligible offsets projects after that date, see section 69 of the Act.

Part 4—Net abatement amount
Division 1—Preliminary