Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsIf:
(a) a prescribed person is issued an exemption certificate in relation to the liable entity (the first liable entity ) set out in the application made by that person under subsection 46A(1) of the Act; and
(b) during the same year, the prescribed person applies for another exemption certificate in relation to another liable entity (the second liable entity ) as a prescribed person mentioned in regulation 22M;
the amount of the second liable entity's exemption is calculated in accordance with the following formula:
where:
"OL" is the amount of the exemption, expressed in megawatt hours, set out in the exemption certificate issued in relation to the first liable entity.
"SL" is the reasonable estimate of the expected relevant acquisitions of electricity consumed at the site by the second liable entity in the year to which the exemption relates.
FL is the reasonable estimate of the expected relevant acquisitions of electricity consumed at the site by the first liable entity in the year to which the exemption certificate relates.