Commonwealth Consolidated Acts

CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 142

Scope

  (1)   This section applies to a Registry account that has been designated as the nominee account for an eligible offsets project.

Units held in account

  (2)   Australian carbon credit units held in the nominee account are held on trust for the persons who are, for the time being, the project proponents for the project.