Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) The assessment of any greenhouse shortfall and of liability for greenhouse penalty set out in the greenhouse gas benchmark statement of a benchmark participant is, unless the regulator makes another assessment, taken to be the greenhouse shortfall or the liability of the participant for greenhouse penalty for the participant for the year concerned.
(2) The assessment has effect as if it were a notice of assessment signed by the regulator and given to the participant on the day when the assessment is taken to have been made.
(3) The assessment is taken to have been made on 1 March in the following year, or the day on which the greenhouse gas benchmark statement is lodged, whichever is the later.