Commonwealth Consolidated Acts

AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS ACT 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 Regulator must, in accordance with the regulations, transfer the temporary certified emission reduction or long - term certified emission reduction to a mandatory cancellation account.