Commonwealth Numbered Acts

AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS ACT 2011 (NO. 99, 2011) - SECT 38

Scope

             (1)  This section applies if:

                     (a)  a person keeps a Registry account in which there is an entry for:

                              (i)  an assigned amount unit; or

                             (ii)  a removal unit; and

                     (b)  the unit was obtained by the person as the result of a transfer in accordance with regulations made for the purposes of subsection 157(2) of the Carbon Credits (Carbon Farming Initiative) Act 2011 ; and

                     (c)  before 1 July 2013, the person, by electronic notice transmitted to the Administrator, instructs the Administrator to convert the unit to an emission reduction unit; and

                     (d)  the instruction sets out the account number of the Registry account; and

                     (e)  the conditions (if any) specified in the regulations are satisfied; and

                      (f)  giving effect to the instruction would not breach regulations made for the purposes of section 39 of this Act; and

                     (g)  the instruction does not contravene regulations made for the purposes of subsection 41(5) of this Act.

Compliance with instruction

             (2)  If the Administrator receives an instruction under paragraph (1)(c), the Administrator must take such steps as are required by the regulations to comply with the instruction.

             (3)  The Registry must set out a record of the instruction under paragraph (1)(c).