52Procedures for the carry‑over of Kyoto units

52 Procedures for the carry‑over of Kyoto units

(1) For paragraph 40(1)(b) of the Act, this regulation sets out procedures for the carry‑over of Kyoto units for which carry‑over is permitted under regulation 51. (2) For each kind of Kyoto unit for which carry‑over is permitted, the Minister must instruct the Regulator: (a) to carry‑over a specified number of units of that kind; or (b) to carry‑over specified units of that kind; or (c) not to carry‑over any units of that kind. (3) An instruction under subregulation (2) must be consistent with the Kyoto rules.

Note: The Kyoto rules contain requirements relating to the kinds of units that may be carried‑over and the number of units of each kind that may be carried‑over.

(4) If the Minister instructs the Regulator under paragraph (2)(a) or (b) to carry‑over Kyoto units, the Regulator is to carry‑over the units in accordance with the Kyoto rules and the Minister’s instruction.