Clean Energy Amendment (International Emissions Trading and Other Measures) Act2012 (204 of 2012)

Schedule 1  

Part 1   General amendments

Clean Energy Act 2011

64   Subsection 102(1)

Omit “carbon pollution cap number for that vintage year.”, substitute:

sum of:

(d) the carbon pollution cap number for the relevant vintage year; and

(e) the total number of carbon units with the relevant vintage year that were relinquished before the start of the relevant vintage year; and

(f) the total number of carbon units with the relevant vintage year, or with an earlier vintage year, that were relinquished during the relevant vintage year.