Document ID: chunk:federal_register_of_legislation:C2011A00156:clause:2_3
Version: federal_register_of_legislation:C2011A00156
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 10145–11400

3                 1 July in 2015 or a later year or 1 January in 2016 or a later year  The amount that is:
                                                                                       (a) worked out for the period using the formula in subsection (3); and
                                                                                       (b) rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more);
                                                                                       per kilogram

 (3) The formula is:
Note: Average carbon unit auction price is defined in subsection 3(1).

Application of replacement rate
 (4) The replacement rate applies to carbon‑rated compressed natural gas that is entered for home consumption on or after the substitution day (but before the next substitution day).

Publication of replacement rate
 (5) The CEO must, on or as soon as practicable after the substitution day, publish for the information of the public a notice in the Gazette setting out:
 (a) the replacement rate; and
 (b) the goods to which the replacement rate applies.
 (6) The CEO must ensure that a copy of a notice under subsection (5) is available on the website of the Australian Taxation Office.