CTHIn ForceAct
Australian National Registry of Emissions Units Act 2011
48CTransfer of safeguard mechanism credit units
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#### 48C Transfer of safeguard mechanism credit units
For the purposes of this Act, if there is an entry for a safeguard mechanism credit unit in a Registry account (the first Registry account) kept by a person (the first person):
(a) a transfer of the unit from the first Registry account to a Registry account kept by another person consists of:
(i) the removal of the entry for the unit from the first Registry account; and
(ii) the making of an entry for the unit in the Registry account kept by the other person; and
(b) a transfer of the unit from the first Registry account to another Registry account kept by the first person consists of:
(i) the removal of the entry for the unit from the first Registry account; and
(ii) the making of an entry for the unit in the other Registry account kept by the first person.