Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe Governor - General may make regulations prescribing matters:
(a) required or permitted by this Act to be prescribed; or
(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.
• 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.
• 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.
• A person may, in accordance with the regulations, request the Regulator to close the person's Registry account.
• The Regulator is empowered to make corrections to the Registry.
• A person may apply to the Federal Court for the rectification of the Registry.
• This Part sets out rules about dealings with Kyoto units.
• This Part sets out rules about the ownership, transfer and transmission of safeguard mechanism credit units.
• The Regulator must publish certain information about:
(a) the holders of Registry accounts; and
(b) Kyoto units; and
(c) Australian carbon credit units; and
(d) safeguard mechanism credit units.
• If a person is the registered holder of one or more Australian carbon credit units, the person may request the Regulator to cancel any or all of those units.
• If a person is the registered holder of one or more Kyoto units, the person may request the Regulator to transfer to a voluntary cancellation account any or all of those units.
• Pecuniary penalties are payable for contraventions of civil penalty provisions.
• Certain decisions of delegates of the Regulator may be reviewed by the Administrative Appeals Tribunal following a process of internal reconsideration by the Regulator.
• Certain decisions of the Regulator may be reviewed by the
Administrative Appeals Tribunal.