45A registered Kyoto unit is personal property for certain purposes

45 A registered Kyoto unit is personal property for certain purposes

Scope (1) This section applies if there is an entry for a Kyoto unit in a Registry account. Personal property (2) For each of the following purposes: (a) the purposes of the Bankruptcy Act 1966; (b) the purposes of Chapter 5 of the Corporations Act 2001; (c) the purposes of the law relating to wills, intestacy and deceased estates; (d) a prescribed purpose; the unit is personal property and, subject to section 47, is transmissible by will and by devolution by operation of law.