48CTransfer of safeguard mechanism credit units

#### 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.