Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The HFC industry limit for a calendar year is the quantity of HFCs, expressed in CO 2 e megatonnes:
(a) prescribed by the regulations in relation to the year for the purposes of this subsection; or
(b) worked out in accordance with a method prescribed by the regulations in relation to the year for the purposes of this subsection.
(2) The sum of the amounts of all HFC quotas allocated for a calendar year must not exceed the HFC industry limit for the year.
(3) Regulations made for the purposes of subsection (1) must be consistent with Australia's international obligations.