Commonwealth Numbered Acts

AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS ACT 2011 (NO. 99, 2011) - SECT 54

Scope

             (1)  This section applies if there is an entry for a non-Kyoto international emissions unit in a Registry account.

Personal property

             (2)  For each of the following purposes:

                     (a)  the purposes of the Bankruptcy Act 1966 ;

                     (b)  the purposes of Chapter 5 of the Corporations Act 2001 ;

                     (c)  the purposes of the law relating to wills, intestacy and deceased estates;

                     (d)  a prescribed purpose;

the unit is personal property and, subject to section 56 of this Act, is transmissible by will and by devolution by operation of law.