Excise Tariff Amendment (Per-tonne Carbon Price Equivalent) Act 2012 (200 of 2012)

Schedule 1  

Excise Tariff Act 1921

2   Subsection 3(1)

Insert:

per-tonne carbon price equivalent for a substitution day mentioned in section 6FA or 6FB means the per-tonne carbon price equivalentthat:

(a) is worked out under section 196A of the Clean Energy Act 2011 for the 6-month period 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 per-tonne carbon price equivalent that is worked out under that section for that 6-month period and published under that section.