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CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 122

Duration of methodology determinations

  (1)   A methodology determination:

  (a)   comes into force:

  (i)   when it is made; or

  (ii)   if a later time is specified in the determination--at that later time; and

  (b)   unless sooner revoked, remains in force for:

  (i)   the period specified in the determination; or

  (ii)   if a longer period is specified in relation to the determination in a legislative instrument made by the Minister--that longer period.

  (2)   Paragraph   (1)(a) has effect subject to section   130.

Note:   Section   130 deals with approval of the application of a specified methodology determination to a project with effect from the start of a reporting period.

  (4)   If a methodology determination expires, this Act does not prevent the Minister from making a fresh methodology determination in the same terms as the expired determination.



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