(1) An obligation jet fuel participant must calculate the emissions from obligation jet fuel purchased by that participant from obligation fuel participants in a year in accordance with the following formula:
T = L × E
where—
(2) If an obligation jet fuel participant is required to submit an emissions return for a period other than a year, this regulation applies with any necessary modifications.
(3) For the purposes of this regulation, a fraction of a kilolitre must be rounded up to the next whole kilolitre if the fraction is 50% or more of a kilolitre; otherwise the fraction of a kilolitre must be rounded down to the previous whole kilolitre.