Commonwealth Numbered Acts

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AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS ACT 2011 (NO. 99, 2011) - SECT 15

Voluntary closure of Registry accounts

             (1)  The regulations may make provision for and in relation to empowering the Administrator to close a Registry account kept in the name of a person.

             (2)  Regulations made for the purposes of subsection (1) must not empower the Administrator to close a Registry account unless:

                     (a)  the person, by written notice given to the Administrator, requests the Administrator to close the account; and

                     (b)  there are no entries for any Australian carbon credit units in the account; and

                     (c)  there are no entries for any Kyoto units in the account; and

                     (d)  there are no entries for any non-Kyoto international emissions units in the account.



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