Document ID: chunk:federal_register_of_legislation:F2018L00562:clause:2_3
Version: federal_register_of_legislation:F2018L00562
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 95783–97298

3  The previous year's carry‑over amount, CSeq,Prev

Note: In some years, the contribution to the net abatement amount from sequestration in dead organic matter, ASeq, might be a negative number, for example, if there has been a reversal of sequestration in the relevant year. Such negative amounts do not detract from the adjusted contribution to the net abatement amount, ASeq,adj, nor from the net abatement amount A. However, they are carried over into the following year's calculations as the previous year's carry‑over amount, CSeq,Prev, and detract from any positive sequestration that might occur in future years. The previous year's carry‑over amount will either be zero or a negative number.
 (1) For paragraph 2(a) of this Schedule, and subject to section 10 of this Schedule (which deals with subdivided project areas), the previous year's carry‑over amount for the project area, CSeq,Prev, in tonnes CO2‑e, is:
 (a) if, for the previous calendar year, the current year's carry‑over amount (CSeq,Curr) was calculated for the project area in accordance with this determination—equal to the amount so calculated; and
 (b) otherwise—equal to zero.
 (2) For paragraph (1)(a), if the project was reported on for that year, the relevant value is the value reported in the offsets report.
Note: Paragraph (1)(a) is modified in some cases if the requirement in lieu of the newness requirement set out in paragraph 21(2)(c) of this determination was met. See subparagraph 21(3)(d)(ii) of this determination.