Commonwealth Numbered Acts

AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS ACT 2011 (NO. 99, 2011) - SECT 42

Scope

             (1)  This section applies if:

                     (a)  a person is the holder of a Registry account in which there is an entry for a temporary certified emission reduction or a long-term certified emission reduction; and

                     (b)  the temporary certified emission reduction or long-term certified emission reduction expires.

Transfer to mandatory cancellation account

             (2)  The Administrator must, in accordance with the regulations, transfer the temporary certified emission reduction or long-term certified emission reduction to a mandatory cancellation account.