Commonwealth Consolidated Acts

NATIONAL GREENHOUSE AND ENERGY REPORTING ACT 2007 - SECT 22XND

  (1)   Without limiting subsection   22XNA(2), the safeguard rules may provide for:

  (a)   the transfer, in specified circumstances, of safeguard mechanism credit units held in a Commonwealth Registry account because of subsection   22XNB(1) to another person's Registry account; or

  (b)   the cancellation, in specified circumstances, of such units.

  (2)   If safeguard mechanism credit units held in a Commonwealth Registry account are cancelled in accordance with safeguard rules made for the purposes of paragraph   (1)(b), the Regulator must remove the entries for those units from that account.