Commonwealth Consolidated Acts

CLEAN ENERGY LEGISLATION AMENDMENT ACT 2012 - SCHEDULE 4

Australian National Registry of Emissions Units Act 2011

1   Section   4

Insert:

"business day" means a day that is not:

  (a)   a Saturday; or

  (b)   a Sunday; or

  (c)   a public holiday in the Australian Capital Territory.

2   After subsection   27(3)

Insert:

  (3A)   Regulations made for the purposes of subsection   ( 1 ) may :

  (a)   make provision for identifying Registry accounts that are restricted Registry accounts for the purposes of this section; and

  (b)   restrict or limit the operation of restricted Registry accounts .

  (3B)   R egulations made for the purposes of subsection   ( 3A) may:

  (a)   prohibit, restrict or limit the transfer of units from a restricted Registry account; or

  (b)   prohibit, restrict or limit the transfer of units t o a restricted Registry account; or

  (c)   prohibit, restrict or limit the issue of carbon units to a restricted Registry account.

  (3C)   Subsection   ( 3B) does not limit subsection   ( 3A).

  (3D)   Subsections   ( 3A) and (3B) do not limit subsection   ( 1).

  (3E)   Section   28C does not limit subsections   ( 3A) and (3B) of this section .

3   Subsection   28A(2)

Omit "not exceeding 48 hours", substitute "that ends not later than the end of the fifth business day after the day on which the instruction was received".