Document ID: chunk:federal_register_of_legislation:C2012A00204:clause:1_4
Version: federal_register_of_legislation:C2012A00204
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3148–3721

4  Section 4
Insert:
European allowance unit means an allowance (within the meaning of the European Union Greenhouse Gas Emission Allowance Trading Directive) issued by, or under the authority of:
 (a) a foreign country that is a Member State of the European Union; or
 (b) a foreign country that:
 (i) is not a Member State of the European Union; and
 (ii) participates in the scheme for greenhouse gas emission allowance trading established by the Directive;
but does not include an allowance issued in respect of aviation activities listed in Annex 1 of the Directive.