Commonwealth Consolidated Acts

AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS ACT 2011 - SECT 45

Scope

  (1)   This section applies if there is an entry for a Kyoto unit in a Registry account.

Personal property

  (2)   For each of the following purposes:

  (a)   the purposes of the Bankruptcy Act 1966 ;

  (b)   the purposes of Chapter   5 of the Corporations Act 2001 ;

  (c)   the purposes of the law relating to wills, intestacy and deceased estates;

  (d)   a prescribed purpose;

the unit is personal property and, subject to section   47, is transmissible by will and by devolution by operation of law.