Commonwealth Consolidated Acts

CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 20F

    For the purposes of this Act, a carbon abatement purchasing process means any of the following processes:

  (a)   a reverse auction;

  (b)   a tender process;

  (c)   any other process;

for the purchase by the Commonwealth of eligible carbon credit units. (It is immaterial whether the units are in existence when the process is conducted.)