Commonwealth Consolidated Acts

CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 143

Scope

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

Instructions by nominee

  (2)   A person is not entitled to give instructions under:

  (a)   this Act; or

  (b)   the Australian National Registry of Emissions Units Act 2011 ;

to the Regulator in relation to the nominee account unless:

  (c)   the account is kept in the name of the person; and

  (d)   the person has been nominated as a nominee under subsection   136(2) in relation to the project; and

  (e)   the nomination is in force.

  (3)   If an instruction complies with subsection   (2), the instruction is taken to have been given on behalf of the project proponents for the project.