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CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 164

Information about relinquishment requirements

Scope

  (1)   This section applies if, under this Act, a person is required, during a financial year, to relinquish a particular number of Australian carbon credit units.

Relinquishment requirement

  (2)   The Regulator must publish on the Regulator's website:

  (a)   the name of the person; and

  (b)   details of the relinquishment requirement.

  (3)   If any of the following paragraphs applies:

  (a)   the decision to require the person to relinquish a specified number of Australian carbon credit units is being reconsidered by the Regulator under section   242;

  (b)   the decision to require the person to relinquish a specified number of Australian carbon credit units has been affirmed or varied by the Regulator under section   242, and the decision as so affirmed or varied is the subject of an application for review by the Administrative Review Tribunal;

  (c)   the decision to require the person to relinquish a specified number of Australian carbon credit units is the subject of an application for review by the Administrative Review Tribunal;

the Regulator must:

  (d)   publish an appropriate annotation on the Regulator's website; and

  (e)   if paragraph   (a) applies--when the Regulator notifies the applicant for reconsideration of the Regulator's decision on the reconsideration, the Regulator must publish an appropriate annotation on the Regulator's website; and

  (f)   if paragraph   (b) or (c) applies--when the review by the Administrative Review Tribunal (including any court proceedings arising out of the review) has been finalised, the Regulator must publish an appropriate annotation on the Regulator's website.



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