New Zealand Legislation: Regulations

8 Method of calculating emissions by obligation jet fuel participants

• (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—

  T

  is the total emissions for the obligation jet fuel in tonnes

  L

  is the total net kilolitres of the obligation jet fuel referred to in regulation 7

  E

  is the emissions factor for obligation jet fuel specified in the table set out in the Schedule.

  (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.