•   The Australian National Registry of Emissions Units is continued in existence.

•   The Regulator may, in accordance with the regulations, open a Registry account in the name of a person.

•   Entries may be made in Registry accounts for:

  (a)   Australian carbon credit units; and

  (b)   Kyoto units; and

  (c)   safeguard mechanism credit units.

•   This Act sets out rules about dealings with:

  (a)   Kyoto units; and

  (b)   safeguard mechanism credit units.