970 NEW ZEALAND GAZETTE, No. 34 26 MARCH 2010

(d) Material which is scrapped or lost before it is packaged as a product that is saleable or of saleable quality:

(i) is not saleable or of saleable quality; and

(ii) is not to be included in an amount of product (basis of allocation).

(4) Expressions defined in the Act have the same meaning in this notice as they do in the Act unless the context otherwise requires.

3. Data required to be provided—(1) Any person carrying out the activity on the date of this notice must provide to the Ministry for the Environment data for the financial years for the activity in the form of the specified template, calculated in accordance with the data collection rules, together with the completed declaration and bases of preparation.

(2) In calculating the data for the activity, the person must include only the included emissions and must exclude the excluded emissions.

4. Deadline for provision of data—The data required by clause 3 of this notice must be provided to the Ministry for the Environment within 40 working days of the date of this notice.

Schedule 1

Revenue Rules

1. Revenue must be calculated as the quantity of activity outputs, for each of the financial years, multiplied by an appropriate market price, exclusive of GST, for each activity output for each of the financial years.

2. Quantity of activity output(s) is either the direct measure of activity output or is calculated from units sold and changes in inventory. The same methodology must be used for all years.

3. The market price must be a ‘plant gate’ price for the activity output. It is the fair value of the product, as defined under the New Zealand Accounting Standard NZ IAS 18, adjusted for transport costs to reflect the market into which it is sold. It must be calculated for each of the financial years either from the revenue received from all external activity output sales during each of the financial years, divided by the number of units of external activity output sales during each of these years; or by using an observable market price for each of the financial years that is appropriate to the duration of time when the output was produced in those years. An observable market price must be based on a relevant price listed on an international exchange, a price obtained from an industry analyst’s report or a price derived from government or industry body statistics.

4. Market price must be converted from foreign currencies to New Zealand dollars at the historical rate appropriate to the period of activity output.

5. A weight may be applied to the market price, as calculated in accordance with revenue rules 3 and 4, in each of the financial years. Where a weighting is used, a weight of 0.7 will be applied in the financial year with the highest market price and a weight of 1.15 will be applied in the other two financial years.

Emissions Rules

1. Data must be supplied for each financial year from only the following emissions sources, expressed in tonnes of CO2 equivalent:

(a) the direct oxidation or use as feedstock of any coal, natural gas, used oil, or waste oil as part of the activity;

(b) the direct oxidation or use as feedstock of any coal, natural gas, used oil, or waste oil to generate steam that is used as part of the activity;