CTHIn ForceAct
Australian National Registry of Emissions Units Act 2011
32AOwnership of Kyoto unit
Start here
Get a plain-English read of 32A
Turn the raw legal text into a practical explanation grounded in Australian National Registry of Emissions Units Act 2011.
#### 32A Ownership of Kyoto unit
(1) The regulations may provide that the registered holder of a Kyoto unit:
(a) is the legal owner of the unit; and
(b) may, subject to this Act, deal with the unit as its legal owner and give good discharges for any consideration for any such dealing.
(2) Regulations made for the purposes of subsection (1) only protect a person who deals with the registered holder of the unit as a purchaser:
(a) in good faith for value; and
(b) without notice of any defect in the title of the registered holder.