Commonwealth Consolidated Acts

CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 182

    If:

  (a)   an amount (the first amount ) is payable under section   179 or 180 by a person; and

  (b)   the following conditions are satisfied in relation to another amount (the second amount ):

  (i)   the amount is payable by the Commonwealth to the person;

  (ii)   the amount is of a kind specified in the regulations or the legislative rules;

the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.