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

Schedule 1  

Part 1   General amendments

Clean Energy Act 2011

82   Before subsection 196(1)

Insert:

11 months ending on 31 May 2015

(1AA) Within 7 business days after the end of 31 May 2015, the Regulator must publish on its website the amount worked out to 2 decimal places (rounding up if the third decimal place is 5 or more) using the formula:

where:

number of units issued as the result of auctions means the total number of carbon units that were issued as the result of auctions conducted by the Regulator during the 11-month period ending at the end of May 2015.

total auction proceeds means the total amount paid or payable by way of charges for the issue of carbon units that were issued as the result of auctions conducted by the Regulator during the 11-month period ending at the end of May 2015.

(1AB) For the purposes of this Act, the amount worked out under subsection (1AA) is taken to be the average carbon unit auction price for the 6-month period ending at the end of May 2015.