Clean Energy (Excise Tariff Legislation Amendment) Act 2011 (156 of 2011)

Schedule 1   Aircraft fuel

Excise Tariff Act 1921

1   Subsection 3(1)

Insert:

average carbon unit auction price for a substitution day mentioned in section 6FA, 6FB or 6H means the amount that:

(a) is worked out under section 196 of the Clean Energy Act 2011 taking account of auctions conducted in the 6 months ending at the end of:

(i) the last May before the substitution day, if it is 1 July (in 2015 or a later year); or

(ii) the last November before the substitution day, if it is 1 January (in 2016 or a later year); and

(b) is the first amount that is worked out in that way for those 6 months and published under that section.