53Kyoto units not included in carry‑over

53 Kyoto units not included in carry‑over

(1) This regulation applies if the Minister: (a) gives the Regulator an instruction under paragraph 52(2)(c) in relation to a kind of Kyoto unit; or (b) notifies the Regulator that all Kyoto units of a particular kind that are to be carried‑over to the second commitment period have been carried‑over. (2) For paragraph 40(1)(c) of the Act, the Regulator must transfer to the mandatory cancellation account for the first commitment period any Kyoto units of that kind: (a) that are in a Registry account; and (b) that have not been carried‑over in accordance with this Division.