Commonwealth Consolidated Acts

CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 150A

  (1)   The registered holder of an Australian carbon credit unit:

  (a)   is the legal owner of the unit; and

  (b)   may, subject to this Act and the Australian National Registry of Emissions Units Act 2011 , deal with the unit as its legal owner and give good discharges for any consideration for any such dealing.

  (2)   Subsection   (1) only protects a person who deals with the registered holder of the unit as a purchaser:

  (a)   in good faith for value; and

  (b)   without notice of any defect in the title of the registered holder.