Subdivision Subdivision 2.2.4 - Australian National Registry of Emissions Units Regulations 2011 - Regulator must consider evidence of identity etc | Zoe
These Regulations are the Australian National Registry of Emissions Units Regulations 2011.
3 Definitions
In these Regulations:
ABN has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999.
ACN has the meaning given by section 9 of the Corporations Act 2001.
Act means the Australian National Registry of Emissions Units Act 2011.
approved form means a form approved, in writing, by the Regulator for a provision of these Regulations.
ARBN has the meaning given by section 9 of the Corporations Act 2001.
authorised representative means an individual who is nominated under either subregulation 9(2) or 32(1) to be an authorised representative for a particular Registry account.
cancellation day—see subregulation 43(2).
Carbon Farming Act means the Carbon Credits (Carbon Farming Initiative) Act 2011.
certified copy means:
(a) a copy of a document that has been certified as a true copy by a person prescribed for the purposes of paragraph 8(b) of the Statutory Declarations Act 1959; or
(b) if a person who is required to provide a document under these Regulations is not in Australia at the time the document must be provided—a copy of a document that has been certified as a true copy by:
(i) an Australian embassy, Australian High Commission or Australian consulate (other than a consulate headed by an honorary consul); or
(ii) a competent authority under the Convention Abolishing the Requirement of Legalisation for Foreign Public Documents done at The Hague on 5 October 1961.
Note 1: Information about competent authorities under the convention can be found on the Hague Conference on Private International Law’s website at www.hcch.net.
Note 2: The text of this convention is set out in Australian Treaty Series 1995 No. 11 ([1995] ATS 11).
commitment period reserve—see regulation 4.
digital identity of an individual means a distinct electronic representation of the individual that enables the individual to be sufficiently distinguished when interacting online with services.
document verification service means the service known as the Australian Government Document Verification Service, or that service continuing in existence with a different name.
entity means a person who is not an individual.
executive officer of a body corporate means:
(a) a director of the body corporate; or
(b) the chief executive officer (however described) of the body corporate; or
(c) the chief financial officer (however described) of the body corporate; or
(d) the secretary of the body corporate.
fit and proper person test has the same meaning as in the Carbon Farming Act.
foreign person means any of the following:
(a) an individual who is not ordinarily resident in Australia;
(b) a body corporate or a corporation sole that:
(i) is incorporated outside Australia; or
(ii) is an authority of a foreign country;
(c) a body politic or a local governing body of a foreign country;
(d) if paragraph (a), (b) or (c) applies to the trustee, or a majority of the trustees, of a trust—that trust.
GST registration number means the number notified to a person under section 25‑5 of the A New Tax System (Goods and Services Tax) Act 1999.
identity evidence, for a person, means:
(a) if the person’s identity is to be verified by means of digital identity—the person’s digital identity; or
(b) in any other case—the documents required to be given to the Regulator under Division 2.2 of Part 2 for that kind of person, and any document identifiers given in place of such documents.
identity service provider means an accredited participant in the system known as the Australian Government Digital Identity System, or that system continuing in existence with a different name, that provides a service that generates, manages, maintains or verifies information relating to the identity of an individual.
Indigenous Corporation Number or ICN has the meaning given by section 700–1 of the Corporations (Aboriginal and Torres Strait Islander) Act 2006.
international transaction log means the electronic data system administered by the Secretariat of the Climate Change Convention for the purpose of monitoring and tracking transactions in Kyoto units.
ordinarily resident in Australia—see regulation 5.
registered co‑operative means a body registered under legislation as a co‑operative.
Registry transaction means the transmission by electronic notice of an instruction in relation to a Registry account.
replacement day—see subregulation 43(2).
Note: A number of expressions used in these Regulations are defined in the Act, including the following:
For section 4 of the Act, commitment period reserve means the minimum level of Kyoto units for a relevant commitment period that must be maintained in the Registry in accordance with paragraphs 6 and 7 of the Annex to Decision 11/CMP.1 of the Meeting of the Kyoto Parties.
5 Meaning of ordinarily resident in Australia
An individual is ordinarily resident in Australia if, at a particular time:
(a) one of the following applies to the individual:
(i) the individual is in Australia and has permission to remain in Australia indefinitely;
(ii) the individual is not in Australia but has a right to re‑enter Australia and, on re‑entry, to be granted permission to remain in Australia indefinitely;
(iii) the individual is in Australia and has a special category visa under section 32 of the Migration Act 1958;
(iv) the individual is not in Australia, is a New Zealand citizen, holds a New Zealand passport and, on re‑entry to Australia, would have the right to be granted a special category visa under section 32 of the Migration Act 1958; and
(b) the individual was in Australia for 200 or more days in the 12 months immediately preceding that time.
6 Approved forms
The Regulator may approve a form for a provision of these Regulations.
7 Electronic notices transmitted to Regulator
(1) For subsection 5(2) of the Act, an electronic notice must be transmitted using the Regulator’s website.
(2) The electronic notice must be transmitted by:
(a) an individual who is a registered holder of the Registry account to which the notice relates; or
(b) an authorised representative of the registered holder who has been given access to the Registry account under subregulation 31(2).
Part 2—Australian National Registry of Emissions Units
Division 2.1—Opening Registry accounts
8 General
The regulations in this Division are made for sections 10 and 11 of the Act.
9 Requests to open Registry account
(1) A person may request the Regulator to open a Registry account in the person’s name.
(2) The person who makes the request:
(a) if the person is not an individual—must nominate an authorised representative; or
(b) if the person is an individual—may nominate an authorised representative.
(3) The request must:
(a) be made in the approved form; and
(b) subject to subregulation (4), include the information that is required by the approved form.
Note: Identity evidence for the person making the request, and for associated persons, must also be given to the Regulator at the time of the request: see Division 2.2.
(4) The approved form may require information specified in subregulation (5) to be provided if the information is relevant to the person making the request, or an authorised representative, officer, employee or trustee of the person.
(5) The information is the following:
(a) a person’s full name, address and contact details;
(b) a person’s business name and, if different, trading name;
(c) the address of a person’s principal place of business;
(d) a person’s ABN, ACN, ARBN, GST registration number, Indigenous corporation number or other unique number;
(e) an individual’s date of birth and residential address;
(f) each name by which an individual is known by;
(g) a person’s status as one of the following:
(i) an individual, including an individual who is a sole trader;
(ii) a body corporate;
(iii) a corporation sole;
(iv) a body politic;
(v) a local governing body;
(vi) a trust;
(h) a description of the form in which a body corporate has been incorporated;
(i) a description of the type of trust a trust is;
(j) the full name and date of birth of the beneficiaries of a trust;
(k) details about a class of which beneficiaries of a trust are members;
(l) each jurisdiction in which a person operates;
(m) the full name, address and contact details of any Australian agent through which a body corporate that is a foreign person conducts business.
10 Additional information—beneficial ownership
(1) A request to open a Registry account that is made by a person who is a proprietary or private company must include the name and address of any beneficial owner.
(2) However, subregulation (1) does not apply to a proprietary company if the company is:
(a) a publicly listed company in Australia, or a wholly owned subsidiary of such a company; or
(b) licensed and subject to the regulatory oversight of a Commonwealth statutory regulator in relation to its activities as a company.
(5) For this regulation:
beneficial owner, in relation to a company, means an individual who owns, through one or more share holdings, over 25% of the issued capital in the company.
11 Further information and documents
(1) The Regulator may, in writing, ask a person who has made a request to open a Registry account to provide further information or documents in relation to the request within a specified time.
(2) If the person does not comply with the Regulator’s request, the Regulator may, in writing, tell the person that:
(a) the request to open the account has been refused; and
(b) no action, or no further action, will be taken in relation to the request.
(3) This regulation applies despite regulation 17.
Note: Section 88 of the Act provides for the Regulator’s obligations in relation to requiring further information.
12 Verification of information
The Regulator may, in writing, ask a person who makes a request to open a Registry account to verify, by statutory declaration, any statement made in the request.
13 Opening of Registry accounts
(1) The Regulator may open a Registry account in response to a request to do so.
(2) The Regulator may open a Registry account only if the Regulator:
(a) is satisfied of the identity of the person in whose name the account is to be opened, having regard to the evidence reviewed by the Regulator under subregulation 23(1); and
(c) is satisfied that the person passes the fit and proper person test; and
(d) for a person who is an entity—is satisfied that the individual making the request has been authorised by the entity and has sufficient authority to act on the entity’s behalf.
Division 2.2—Identification procedures
Subdivision 2.2.1—Document and information requirements
14 General
(1) The regulations in this Division are made for subsections 11(1) and 27(1) of the Act.
(2) If a person provides a document as identity evidence to the Regulator under this Division, the person must provide:
(a) if the Regulator asks to see the original document—the original document; or
(b) otherwise—either a certified copy of the original document or, in accordance with subregulation 18(5), a document identifier in place of the document.
(2A) For a document provided in relation to a request that is:
(a) signed by the person making the request no later than 29 May 2012; and
(b) given to the Regulator no later than 12 June 2012;
certified copy has the meaning given by regulation 3 as in force immediately before 30 May 2012.
(3) In this Division:
request means a request, under regulation 9, to open a Registry account.
15 Proof of identity and authorisation—at time of request
(1) A person in whose name a Registry account is to be opened must, at the time of making a request under regulation 9, give the Regulator:
(a) identity evidence for the person; and
(b) if a provision mentioned in subregulation (2) of this regulation requires identity evidence for another person associated with the person—identity evidence for the other person; and
(c) if the person has nominated one or more individuals under subregulation 9(2) to be an authorised representative of the person—identity evidence for each individual the person nominates.
(2) For paragraph (1)(b), the provisions are:
(a) paragraph (d) or (e) of item 4 of the table in regulation 21; and
(b) item 2 or 3 of the table in regulation 22.
(3) If the person is an entity, the person must also give the Regulator documentary evidence that the individual who is making the request:
(a) is authorised by the entity to make the request; and
(b) has sufficient authority to act on its behalf.
16 English translation of documents
(1) This regulation applies if:
(a) a person is required to provide a document under this Division; and
(b) the document is not written in English.
(2) The person must provide an English translation of the document that has been prepared and certified as a true copy of the original document by an authorised translation service.
(3) In this regulation:
authorised translation service means a translation service accredited by the National Accreditation Authority for Translators and Interpreters Limited.
17 When identity evidence need not be given under this Division
(1) A person (the requesting person) making a request under regulation 9 is not required to give the Regulator identity evidence in accordance with regulation 15:
(a) for the requesting person; or
(b) for another person associated with the requesting person; or
(c) for an individual nominated by the requesting person to be an authorised representative for the requesting person;
if subregulation (2) applies in relation to a person or individual mentioned in paragraph (a), (b) or (c).
(2) This subregulation applies in relation to a person or individual mentioned in paragraph (1)(a), (b) or (c) if the Regulator has previously verified the identity of the person or individual under any of the following:
(a) a biodiversity law (within the meaning of the Clean Energy Regulator Act 2011);
(b) a climate change law (within the meaning of that Act).
Note: A climate change law includes these Regulations.
Subdivision 2.2.2—Proof of identity for individuals
18 Individuals
Identification procedures for individuals
(1) This regulation sets out the identification procedures for verifying the identity of the following individuals:
(a) an individual in whose name a Registry account is to be opened;
(b) if a Registry account is to be opened in the name of an entity—an individual who has been nominated to be an authorised representative of the entity at the time of the request to open the account;
(c) an individual who is nominated by a registered holder under regulation 32 to be an authorised representative for a Registry account;
(d) an individual associated with an entity, if evidence of the individual’s identity is required under:
(i) paragraph (d) or (e) of item 4 of the table in regulation 21; or
(ii) item 2 or 3 of the table in regulation 22.
(2) The individual’s identity must be verified by the Regulator accepting:
(a) the individual’s digital identity (see subregulation (3)); or
(b) the documentary evidence provided in accordance with subregulations (4) and (5).
Verification of identity by accepting individual’s digital identity
(3) An individual may provide evidence of the individual’s identity by consenting to the transfer of the individual’s digital identity from an identity service provider to the Regulator, if the Regulator is able to accept that digital identity from that provider.
Verification of identity by means of documentary evidence
(4) The identity of an individual may be verified by the provision of the following documents to the Regulator:
(a) if the individual is an Australian citizen or is ordinarily resident in Australia—3 documents identifying the individual, of a kind set out in Schedule 1, at least one of which must be a category A document;
(b) if the individual is a foreign person—3 documents identifying the individual, of a kind set out in Schedule 2, at least one of which must be a category A document;
(c) if the individual’s name has changed—a document that shows the change of name.
Note: Examples for paragraph (4)(c) include a marriage certificate, a deed poll and a certificate issued by a government authority that recognises the change of name.
(5) An individual may provide a document identifier for a document in place of a document mentioned in subregulation (4) if the Regulator is able to verify the document by providing the document identifier to the document verification service.
19 Aboriginal persons or Torres Strait Islanders
(1) This regulation applies in relation to an individual who is an Aboriginal person or a Torres Strait Islander who is unable to meet the requirements of regulation 18.
(2) A person making a request must give the Regulator a reference by an authorised referee that verifies the individual’s identity.
(3) The authorised referee may confirm the individual’s identity from any records within the referee’s keeping or control.
(4) In this regulation:
Aboriginal person means a person of the Aboriginal race of Australia.
authorised referee, for an individual, means a person who:
(a) is not the individual’s parent, grandparent, sibling, child or grandchild; and
(b) has known the individual for at least 12 months; and
(c) is one of the following:
(i) the chairperson, Secretary or chief executive officer of an incorporated indigenous organisation, including a land council, community council or housing organisation;
(ii) the individual’s employer;
(iii) a school principal or a school counsellor;
(iv) a minister of religion;
(v) a medical practitioner;
(vi) a treating health professional or a manager in an Aboriginal Medical Service;
(vii) a person who has been an officer in a Department of State in the Commonwealth or a State or Territory for at least 5 years.
Torres Strait Islander means a descendant of an indigenous inhabitant of the Torres Strait Islands.
treating health professional has the meaning given by section 197 of the Social Security Act 1991.
Subdivision 2.2.3—Proof of identity for entities
20 Entities
(1) This Subdivision applies to:
(a) an entity in whose name a Registry account is to be opened; and
(b) a trustee of a trust that is a body corporate.
21 Identification of entities
A request, from an entity of a kind mentioned in an item of the following table, must be accompanied by the documentation or identity evidence mentioned in the item.
Item
If the entity is ...
the documents that must accompany a request are ...
1
a body corporate
(a) the certificate of the entity’s incorporation (if any); and(b) the certificate of the entity’s registration (if any) with the Australian Securities Investment Commission; and(c) if the entity is not registered in Australia—the certificate of the entity’s registration (if any) with a registry established under a foreign law; and(d) if there is no certificate of the entity’s incorporation—a document with similar effect; and(e) if there is no certificate of the entity’s registration—a document with similar effect
2
a body corporate that is an incorporated association or a registered co‑operative
(a) a document mentioned in item 1; and(b) other documentary evidence that the entity exists (for example, an annual report or the entity’s constitution)
3
a local governing body
(a) a document mentioned in item 1; and(b) documentary evidence that the entity is a local governing body
4
a body corporate that does not have an ABN
(a) a document mentioned in item 1; and(b) if the body corporate is of a kind mentioned in item 2—the other documents mentioned in item 2; and(c) if the body corporate is of a kind mentioned in item 3—the documents mentioned in item 3; and(d) if the body corporate is a private company, incorporated association or registered co‑operative (whether or not a foreign entity)—identity evidence of the following:(i) in the case that the entity has no more than one executive officer—the executive officer of the entity;(ii) otherwise—2 executive officers of the entity; and(e) if the body corporate is a foreign company that is a public company—identity evidence of an executive officer of the entity who is not the same person the entity nominates to be an authorised representative
22 Identification of trusts
If a request relates to an entity that is a trust, the request must be accompanied by the documentation and identity evidence mentioned in the items of the following table.
Item
The documents that must accompany a request are ...
1
(a) if there is a trust deed—the deed, or an extract of the deed that identifies the trustees and beneficiaries (or classes of beneficiary); or(b) if there is no trust deed:(i) a document with similar effect to a trust deed; or(ii) the certificate of registration as a trust (if any)
2
for each trustee who is an individual—identity evidence of the trustee
3
for each trustee that is a body corporate—the documentary evidence mentioned in the table in regulation 21 that is relevant to the kind of body corporate
Subdivision 2.2.4—Regulator must consider evidence of identity etc
23 Regulator to consider evidence of identity etc
Before opening a Registry account
(1) Before opening a Registry account in the name of a person who makes a request, the Regulator must:
(a) review the evidence of identity given to the Regulator under this Division; and
(b) review the evidence of an individual’s authorisation to submit a request on behalf of an entity.
For an authorised representative
(2) The Regulator must review the evidence of the identity of an authorised representative that has been given to the Regulator under paragraph 15(1)(c) and subregulation 32(2) before giving the authorised representative access to a Registry account under subregulation 31(2).
Division 2.3—Commonwealth Registry accounts
Subdivision 2.3.1—Designation and opening of Commonwealth Registry accounts
24 Designation of Commonwealth Registry accounts
For section 12 of the Act, the Regulator may designate a Commonwealth Registry account as an account with one of the following names:
(a) a Commonwealth holding account;
(b) a Commonwealth origination account;
(c) an Australian carbon credit unit cancellation account;
(d) the Commonwealth relinquished units account;
(e) an Australian carbon credit unit relinquishment account;
(f) an Australian carbon credit unit exchange account;
(g) the voluntary cancellation account for a particular commitment period;
(h) the retirement account for a particular commitment period;
(i) the net source cancellation account for a particular commitment period;
(j) the non‑compliance cancellation account for a particular commitment period;
(k) the mandatory cancellation account for a particular commitment period;
(l) the temporary certified emission reduction replacement (expiry) account for a particular commitment period;
(m) the long term certified emission reduction replacement (expiry) account for a particular commitment period;
(n) the long term certified emission reduction replacement (storage reversal) account for a particular commitment period;
(o) the long term certified emission reduction replacement (non‑certification) account for a particular commitment period.
25 Opening of Commonwealth Registry accounts
(1) For section 13 of the Act, the Minister may, in writing, direct the Regulator to:
(a) open a Registry account in the name of the Commonwealth; and
(b) give the Registry account the designation specified in the direction.
(2) The Regulator must comply with a direction given under subregulation (1).
Subdivision 2.3.2—Transfer of Kyoto units
26 Kyoto units that cannot be transferred—Commonwealth Registry accounts
(1) For subsection 14(1) of the Act, a Kyoto unit to which subregulation (2) applies cannot be transferred.
(2) This subregulation applies to a Kyoto unit for which there is an entry in any of the following Commonwealth Registry accounts:
(a) the retirement account for a particular commitment period;
(b) the net source cancellation account for a particular commitment period;
(c) the non‑compliance cancellation account for a particular commitment period;
(d) the voluntary cancellation account for a particular commitment period;
(e) the mandatory cancellation account for a particular commitment period;
(f) the temporary certified emission reduction replacement (expiry) account for a particular commitment period;
(g) the long‑term certified emission reduction replacement (expiry) account for a particular commitment period;
(h) the long‑term certified emission reduction replacement (storage reversal) account for a particular commitment period;
(i) the long‑term certified emission reduction replacement (non‑certification) account for a particular commitment period;
(j) a Commonwealth relinquished units account;
(k) an Australian carbon credit unit cancellation account.
Note: Subsection 14(2) of the Act provides that regulations made for the purposes of subsection 14(1) of the Act have effect despite any other provision of that Act or the Carbon Credits (Carbon Farming Initiative) Act 2011.
Division 2.4—Closing Registry accounts
27 Voluntary closure of Registry accounts
(1) The Regulator may, for subsection 15(1) of the Act, close a Registry account kept in the name of a person, if:
(a) the person, by written notice, requests the Regulator to close the account; and
(b) there are no entries for any Australian carbon credit units in the account; and
(c) there are no entries for any Kyoto units in the account; and
(d) there are no entries for any safeguard mechanism credit units in the account.
Compliance with request
(2) The Regulator must:
(a) comply with the request as soon as practicable after receiving it; and
(b) notify the person making the request as soon as practicable after the account is closed.
(3) The Registry must set out a record of each closure under this regulation.
28 Unilateral closure of Registry accounts etc
Application
(1) For subsection 16(1) of the Act, this regulation applies if:
(a) a person has a Registry account; and
(b) the person has contravened, or is contravening, Part 2 of the Act or these Regulations.
Closure of account
(2) The Regulator may close the Registry account.
(3) However, the Regulator must not close the Registry account unless, at least 30 days before closing the account, the Regulator gives the person a written notice:
(a) stating that the Regulator proposes to close the account; and
(b) setting out the effect of subregulations (4), (5) and (7); and
(c) setting out the effect of any legislative rules made for the purposes of subsection 16(5) of the Act.
(4) If, immediately before the Regulator closes the Registry account, there is an entry for an Australian carbon credit unit in the account, the unit is cancelled.
(5) If, immediately before the Regulator closes the Registry account, there is an entry for a Kyoto unit in the account, the Regulator must transfer the unit to a voluntary cancellation account.
(7) If:
(a) the Regulator has closed the account of a person under subregulation (2); and
(b) the person asks the Regulator to open another account in the person’s name;
the Regulator must refuse to do so.
Note: Subsection 16(7) of the Act provides for records that must be kept in the Registry of cancellations mentioned in subregulation (4) and the unilateral closure of a Registry account.
Division 2.5—Change in name of account holder
29 Altering the Registry
(1) For section 18 of the Act, this regulation applies if:
(a) a Registry account is kept in the name of a person; and
(b) the name of the person has changed; and
(c) the person applies to the Regulator to have the new name substituted for the previous name in the Registry in relation to the account.
(2) The Regulator may make the necessary alterations in the Registry.
Division 2.6—Miscellaneous
30 Registry requirements
The Regulations in this Division are made for subsections 5(2) and 27(1) of the Act.
31 Authorised representatives—access to Registry account
(1) This regulation applies to an authorised representative:
(a) nominated under subregulation 9(2); or
(b) the subject of a request under subregulation 32(1).
(2) The Regulator may give the authorised representative access to a Registry account only if the Regulator:
(a) is satisfied of the identity of the authorised representative:
(i) having regard to the evidence reviewed by the Regulator under subregulation 23(2); or
(ii) because the authorised representative’s identity has previously been verified under a biodiversity law (within the meaning of the Clean Energy Regulator Act 2011) or a climate change law (within the meaning of that Act); and
(b) is satisfied that the authorised representative passes the fit and proper person test.
(2A) An authorised representative for a Commonwealth Registry account who is an SES employee is taken to pass the fit and proper person test.
(3) If access is provided under subregulation (2), the authorised representative may:
(a) view the details of the Registry account; and
(b) initiate transactions in relation to the account; and
(c) approve transactions in relation to the account.
(4) If the Regulator is not satisfied of the authorised representative’s identity or that the authorised representative passes the fit and proper person test, the Regulator must, as soon as practicable:
(a) notify the relevant registered holder that access has not been given under subregulation (2), giving reasons for the refusal; and
(b) require the holder to nominate another authorised representative.
Note: An authorised representative must be an individual—see the definition of authorised representative in regulation 3.
(5) If the Regulator:
(a) has given an authorised representative access to a Registry account under subregulation (2); and
(b) is no longer satisfied that the authorised representative passes the fit and proper person test;
the Regulator may deny the authorised representative access to the Registry account.
(6) If the Regulator denies an authorised representative access to a Registry account, the Regulator must, as soon as practicable:
(a) notify the relevant registered holder that access has been denied under subregulation (5), giving reasons for the denial; and
(b) require the holder to nominate another authorised representative.
32 Authorised representatives—nomination after registration
Request to add or remove an authorised representative
(1) A registered holder, or an authorised representative of the holder, may at any time request the Regulator, in the approved form, to remove or add an authorised representative.
Note: A nomination for an authorised representative may also be made in a request to open a Registry account under regulation 9.
Identification procedure
(2) Subject to subregulation (2A), a request to add an authorised representative must be accompanied by identity evidence for the individual nominated to be an authorised representative.
Note 1: The term identity evidence is defined in regulation 3.
Note 2: An authorised representative must be given access by the Regulator to a Registry account before the Regulator will accept electronic notices from the person for the account—see regulation 7.
Exception to identification procedure
(2A) Subregulation (2) does not apply if the identity of the individual nominated to be the authorised representative has previously been verified under any of the following:
(a) a biodiversity law (within the meaning of the Clean Energy Regulator Act 2011);
(b) a climate change law (within the meaning of that Act).
Contact details
(3) The registered holder or the holder’s authorised representative may apply to the Regulator, in the approved form, to remove, add, or change the contact details of an authorised representative.
33 Requirement to notify the Regulator
(1) The registered holder must notify the Regulator, in the approved form, of any of the following, within 28 business days after the change takes place:
(a) a change of the registered holder’s name, business name or trading name;
(b) a change of the registered holder’s contact details;
(c) a change of the name of the registered holder’s authorised representative;
(d) a change of the contact details of the registered holder’s authorised representative;
(e) a change that causes the registered holder, or the registered holder’s authorised representative, to no longer pass the fit and proper person test.
(1A) The following notices of change of name must be accompanied by a document that evidences the change of name:
(a) a notice of change of the registered holder’s name, business name or trading name;
(b) a notice of change of the name of the registered holder’s authorised representative.
(2) If a registered holder knows that:
(a) an Australian carbon credit unit; or
(b) a Kyoto unit;
has been incorrectly transferred to or from the holder’s Registry account, the holder must notify the Regulator as soon as practicable of the mistake.
Note: Civil penalties, including those for ancillary contraventions, apply to a failure to comply with the requirements of this regulation—see section 27 of the Act.
34 Requirements about dealings with the Registry
(1) A registered holder must not gain, or try to gain, unauthorised access to the Registry, the Registry’s server, or any other server, computer or database related to the Registry.
(2) A registered holder:
(a) must maintain the security of user names and passwords issued to the holder and to its authorised representatives (if any) for the purpose of accessing the Registry; and
(b) must not allow any other person to gain, or try to gain, unauthorised access to the Registry, the Registry’s server, or any other server, computer or database related to the Registry; and
(c) must ensure that its authorised representative does not allow another person to gain unauthorised access to the Registry, as described in paragraph (b).
(3) A registered holder must not damage or corrupt, or try to damage or corrupt, any software or data related to the Registry.
(4) A registered holder must not initiate a Registry transaction in relation to:
(a) an Australian carbon credit unit; or
(b) a Kyoto unit;
that the registered holder knows, or ought reasonably to know, has been incorrectly transferred to the registered holder’s account.
Note: Civil penalties, including those for ancillary contraventions, apply to a failure to comply with the requirements of this regulation—see section 27 of the Act.
35 Regulator may request information
The Regulator may, in writing, require a person to give the Regulator, within a specified time, information in relation to any request the person makes under these Regulations.
Note: Section 88 of the Act provides for the Regulator’s obligations in relation to requiring further information.
Part 3—Kyoto units
Division 3.1—Transfer of Kyoto units
36 Domestic transfers of Kyoto units
For paragraph 34(2)(c) of the Act, an instruction must set out the serial numbers of the units in the proposed transfer.
37 Outgoing international transfers of Kyoto units
For paragraph 35(2)(b) of the Act, an instruction must set out the following information:
(a) the serial numbers of the units in the proposed transfer;
(b) the type and account number of the foreign account mentioned in paragraph 35(1)(c) or (d);
(c) the country where the foreign account is kept.
38 Conversion of assigned amount units or removal units
(1) The conditions that must be satisfied for paragraph 38(1)(e) of the Act are:
(a) the unit must have been issued in relation to a joint implementation project that:
(i) is approved by the National Authority; and
(ii) is conducted in accordance with any requirements applying to joint implementation projects under the Kyoto rules; and
(b) the person must provide the Regulator with the ITL project ID for the project; and
(c) for the conversion of an assigned amount unit that was obtained as a result of a sequestration offsets project:
(i) a removal unit must have been issued to the Commonwealth for abatement that happened during the first commitment period; and
(ii) the removal unit must be available for exchange in the Commonwealth holding account.
(2) The steps that the Regulator must take for subsection 38(2) of the Act are:
(a) for the conversion of an assigned amount unit that was obtained as a result of an emissions avoidance offsets project—the steps required by the Kyoto rules; or
(b) for the conversion of an assigned amount unit that was obtained as a result of a sequestration offsets project:
(i) remove the entry for the assigned amount unit from the person’s Registry account; and
(ii) convert a removal unit that is available for exchange in the Commonwealth holding account to an emission reduction unit, in accordance with the Kyoto rules; and
(iii) remove the entry for the emission reduction unit from the Commonwealth holding account; and
(iv) make an entry for the emission reduction unit in the person’s Registry account; or
(c) for the conversion of a removal unit—the steps required by the Kyoto rules.
(3) In this regulation:
emissions avoidance offsets project has the meaning given by section 53 of the Carbon Farming Act.
ITL project ID, for a joint implementation project, means the project identifier used by the international transaction log for the project.
joint implementation project means a project that is treated as a joint implementation project for the purposes of the relevant provisions of the Kyoto rules.
National Authority means the National Authority for the clean development mechanism (CDM) and joint implementation (JI), established in accordance with the Kyoto Protocol.
sequestration offsets project has the meaning given by section 54 of the Carbon Farming Act.
39 Kyoto rules—outgoing international transfers of Kyoto units
(1) For paragraph 39(1)(a) of the Act, this regulation sets out the requirements for the transfer of a Kyoto unit from a Registry account to a foreign account.
(2) If the Regulator receives an instruction from a registered holder of one or more Kyoto units under subsection 35(1) of the Act, the Regulator must, as soon as practicable, give the instruction to the international transaction log.
(3) If the international transaction log notifies the Regulator that the instruction has been accepted, the Regulator must, as soon as practicable, give effect to the instruction in accordance with the Kyoto rules.
(4) If subregulation (3) applies, the Regulator must:
(a) remove the entry for the unit from the relevant Registry account; and
(b) notify the international transaction log of the action the Regulator has taken.
(5) However, the Regulator must refuse to give effect to an instruction if the international transaction log notifies the Regulator that:
(a) there is a discrepancy with the instruction or the proposed transfer; or
(b) the proposed transfer has been rejected or cancelled.
(6) If subregulation (5) applies, the Regulator must, as soon as practicable:
(a) make a record in the Registry of the action taken; and
(b) notify the international transaction log that the proposed transfer has been cancelled.
40 Kyoto rules—incoming international transfers of Kyoto units
(1) For paragraph 39(1)(b) of the Act, this regulation sets out the requirements for the transfer of a Kyoto unit from a foreign account to a Registry account.
(2) The Regulator must refuse to give effect to an instruction under subsection 36(1) of the Act if:
(a) the international transaction log notifies the Regulator that:
(i) there is a discrepancy with the instruction or the proposed transfer; or
(ii) the proposed transfer has been rejected or cancelled; or
(b) the instruction is given in the first commitment period, and giving effect to the instruction would result in the total Registry holdings of:
(i) long‑term certified emissions reductions that have not been cancelled; and
(ii) temporary certified emissions reductions that have not been cancelled;
exceeding 27,384,992 for the first commitment period.
(3) The Regulator must:
(a) make a record in the Registry of:
(i) a refusal under subregulation (2) or subsection 36(2) of the Act; or
(ii) a completed transfer under subsection 36(1) of the Act; and
(b) notify the international transaction log of the record made under paragraph (a).
41 Commitment period reserve
(1) For subsection 41(1) of the Act, the Regulator must not give effect to an instruction mentioned in subregulation (2) or a request mentioned in subregulation (3) if the circumstances mentioned in subregulation (4) apply.
(2) The instruction is:
(a) an instruction under section 35 of the Act to transfer a Kyoto unit from a Registry account to a foreign account; or
(b) an instruction under section 154 of the Carbon Farming Act to transfer a Kyoto Australian carbon credit unit to a foreign account.
(3) The request is a request under section 65 of the Act to transfer a Kyoto unit from a Registry account to the voluntary cancellation account for the relevant commitment period.
(4) The circumstances are that the transfer would result in the total number of Kyoto units for the relevant commitment period in any of the following Registry accounts falling below the commitment period reserve:
(a) all Registry accounts kept in the name of an account holder other than the Commonwealth of Australia;
(b) all Commonwealth holding accounts;
(c) the retirement account for the relevant commitment period.
Division 3.2—Dealings with emission reductions under the Kyoto rules
Subdivision 3.2.1—Cancellation of expired temporary certified emission reductions or long‑term certified emission reductions
42 Cancellation after expiry
(1) For subsection 42(2) of the Act, the Regulator must:
(a) tell the registered holder of a temporary certified emission reduction or a long‑term certified emission reduction, in writing, that the emission reduction is due to expire at least 21 days before its expiry date; and
(b) on the expiry date, transfer the emission reduction mentioned in paragraph (a) to the mandatory cancellation account for the same commitment period.
(2) For paragraph (1)(b), the same commitment period is identified by the reference to the serial number of the unit.
(3) A failure by the Regulator to tell the registered holder within the time specified in paragraph (1)(a) does not affect the validity of the transfer.
Note 1: An entry for a temporary certified emission reduction or long‑term certified emission reduction in a Registry account will have an expiry date included in its serial number.
Note 2: A temporary certified emission reduction or long‑term certified emission reduction may have been transferred to another registered holder between the date of the notice under paragraph (1)(a) and the expiry date.
Subdivision 3.2.2—Replacement and cancellation of long‑term certified emission reductions
43 General
(1) The regulations under this Subdivision are made for section 43 of the Act.
(2) In this Subdivision:
cancellation day means the day the international transaction log notifies under subregulation 44(1) or 45(1) as the day that a specified number of long‑term emission reductions mentioned in the notice must be replaced or cancelled.
replacement day means the day that is 7 days before the cancellation day for a specified number of long‑term emission reductions mentioned in a notice under subregulation 44(1) or 45(1).
44 Notification of reversal of storage
(1) This regulation applies if the international transaction log notifies the Regulator that a specified number of long‑term certified emission reductions held in relation to a specified clean development mechanism project must be replaced or cancelled by the cancellation day because a reversal of storage for the project has occurred.
(2) The Regulator must notify a registered holder of the emission reductions, in writing, of the following:
(a) that a specified number of the holder’s long‑term certified emission reductions held in relation to the project must be replaced;
(b) the replacement day, and that the replacement must occur 7 days before the cancellation day;
(c) the cancellation day;
(d) if the replacement has not occurred by the replacement day—that the specified number of emission reductions will be transferred to the mandatory cancellation account for the relevant commitment period.
(3) The Regulator must work out the number of long‑term certified emission reductions that the registered holder will be required to replace by:
(a) dividing the total number of long‑term certified emission reductions specified in the notice as affected by the reversal of storage by the total number of long‑term certified emission reductions for the project held in the Registry; and
(b) multiplying the result by the number of long‑term certified emission reductions for the project that are held by the registered holder; and
(c) rounding up the result to the nearest whole number.
(4) For paragraph (3)(a), the total number of long‑term certified emission reductions for the project held in the Registry does not include cancelled or previously replaced long‑term certified emission reductions.
(5) The Regulator must notify the registered holder under subregulation (2) at least 21 days before the cancellation day.
45 Notification of non‑submission of certification report
(1) This regulation applies if the international transaction log notifies the Regulator that all remaining long‑term certified emissions reductions held in relation to a clean development mechanism project must be replaced or cancelled by the cancellation day because a certification report for the project has not been submitted.
(2) The Regulator must notify a registered holder of the emission reductions, in writing, of the following:
(a) that all of the holder’s long‑term certified emission reductions held in relation to the project must be replaced;
(b) the replacement day, and that the replacement must occur 7 days before the cancellation day;
(c) the cancellation day;
(d) if the replacement has not occurred by the replacement day—that the relevant emission reductions will be transferred to the mandatory cancellation account for the commitment period.
(3) The Regulator must notify the registered holder under subregulation (2) at least 21 days before the cancellation day.
46 Replacement or cancellation of long‑term certified emission reductions
(1) This regulation applies if a registered holder of a long‑term certified emission reduction receives a written notice from the Regulator under:
(a) subregulation 44(2); or
(b) subregulation 45(2).
Registered holder to instruct the Regulator
(2) The holder must, by the replacement day, instruct the Regulator, in accordance with section 34 of the Act, to:
(a) in the circumstances in regulation 44—transfer the particular units from the holder’s Registry account to the long‑term certified emission reduction replacement (storage reversal) account; or
(b) in the circumstances in regulation 45—transfer particular units from the holder’s Registry account to the long‑term certified emission reduction replacement (non‑ certification) account.
(3) The units mentioned in paragraph (2)(a) or (b) must be of a kind mentioned in paragraph 43(3)(a), (b), (c), (d) or (e) of the Act.
Transfer to mandatory cancellation account
(4) If the holder breaches the requirement to replace a long‑term certified emission reduction under subregulation (2), the Regulator must, before the cancellation day:
(a) in the circumstances in regulation 44—transfer the specified number of the holder’s long‑term certified emission reductions for the project to the mandatory cancellation account for the relevant commitment period; or
(b) in the circumstances in regulation 45—transfer all of the holder’s long‑term certified emission reductions for the project to the mandatory cancellation account for the relevant commitment period.
(5) A failure by the Regulator to notify the holder within the time specified in subregulation 44(5) or 45(3) does not affect the validity of a transfer by the Regulator of a long‑term certified emission reduction to the mandatory cancellation account.
Restriction on transfers
(6) The registered holder must not instruct the Regulator to transfer any of the long‑term certified emission reductions it holds in relation to the project other than in accordance with subregulations (2) to (5) until the holder receives the notice mentioned in subregulation (7).
(7) The Regulator must notify the holder if the Regulator receives notice from the international transaction log confirming that the holder’s long‑term certified emission reductions (held in relation to the project) have been replaced or cancelled.
Division 3.3—Other matters relating to Kyoto units
47 Restrictions on transfer of Kyoto units to a Commonwealth Registry account
(1) For section 44 of the Act, this regulation sets out the restrictions on the transfer of a Kyoto unit from a Registry account, or a foreign account, to a Commonwealth Registry account.
(2) The Regulator must transfer a Kyoto unit to a Commonwealth Registry account only if the relevant commitment period of the unit is valid under the Kyoto rules for transfer to the Commonwealth Registry account.
(3) The Regulator must not transfer a temporary certified emission reduction or long‑term certified emission reduction from a Registry account, other than a Commonwealth Registry account, to a retirement account.
48 A registered Kyoto unit is personal property for certain purposes
The following purposes are prescribed for paragraph 45(2)(d) of the Act:
(a) the purposes of the Personal Property Securities Act 2009;
(b) the purposes of the Proceeds of Crime Act 2002.
49 Transmission of Kyoto units by operation of law
Evidence of transmission
(1) For paragraph 47(2)(b) of the Act, the transferee must give the Regulator a certified copy of a document showing transmission of the title to the Kyoto units to the transferee.
Note: Example
Note: If a Kyoto unit has been transmitted on the making of an order by a court, including a sequestration order, the evidence of the transmission would be a certified copy of the order.
Declaration of transmission
(2) For subsection 47(3) of the Act, a declaration of transmission must:
(a) be made in writing; and
(b) identify the serial numbers of the Kyoto units; and
(c) set out the name, address (if relevant) and Registry account number of the transferor; and
(d) set out the name, address and Registry account number (if any) of the transferee; and
(e) include a brief description of the circumstances that resulted in the transmission; and
(f) be signed by the transferee.
Note: If the transferee does not already have a Registry account, the transferee must request that one be opened in the transferee’s name—see subsection 47(4) of the Act.
Division 3.4—Carry‑over of Kyoto units to the second commitment period
50 Application of Division
This Division applies to Kyoto units that are identified in the Registry as Kyoto units issued for use in the first commitment period.
Note: The first commitment period began on 1 January 2008 and ended on 31 December 2012. The second commitment period began on 1 January 2013 and ends on 31 December 2020.
51 Identification of Kyoto units for which carry‑over is permitted
For paragraph 40(1)(a) of the Act, carry‑over to the second commitment period is permitted for each Kyoto unit that:
(a) is of a kind covered by paragraph 40(1)(a) of the Act; and
(b) is held in the Commonwealth holding account.
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.
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.
54 Kyoto units for which carry‑over is not permitted
(1) For paragraph 40(2)(a) of the Act, carry‑over to the second commitment period is not permitted for the following Kyoto units:
(a) units held in Registry accounts other than the Commonwealth holding account;
(b) removal units;
(c) temporary certified emission reductions;
(d) long‑term certified emission reductions;
(e) emission reduction units that have been converted from removal units.
(2) For paragraph 40(2)(b) of the Act, the Regulator must, as soon as practicable after the end of the additional period for fulfilling commitments for the first commitment period, transfer to the mandatory cancellation account for the first commitment period any Kyoto units that:
(a) are held in a Registry account, other than a Registry account referred to in regulation 24 or a Registry account opened in accordance with regulation 25; and
(b) are Kyoto units for which carry‑over to the second commitment period is not permitted under subregulation (1).
Part 5—Publication of information
66 Kyoto information
For subsection 60(1) of the Act, the Regulator must publish on its website the information required to be made publicly available under paragraphs 44 to 48 of the Annex to Decision 13/CMP.1 of the Meeting of the Kyoto Parties.
Part 6—Application and transitional provisions
70 Amendments made by Part 1 of Schedule 1 to the Australian National Registry of Emissions Units Amendment Regulation 2014 (No. 1)
(1) Despite the amendments of the old regulations made by Part 1 of Schedule 1 to the Australian National Registry of Emissions Units Amendment Regulation 2014 (No. 1), the old regulations continue to apply, for the purposes of the operation of the continuing Act, as if those amendments had not been made.
(2) In this regulation:
continuing Act means the Australian National Registry of Emissions Units Act 2011 as it continues to apply because of item 332 of Schedule 1 to the Clean Energy Legislation (Carbon Tax Repeal) Act 2014.
old regulations means these regulations as in force immediately before the commencement of Schedule 1 to the Australian National Registry of Emissions Units Amendment Regulation 2014 (No. 1).
71 Amendments made by the Energy Legislation Amendment (Information Requirements) Regulations 2023
The amendments of this instrument made by Schedule 1 to the Energy Legislation Amendment (Information Requirements) Regulations 2023 (the amending instrument) apply in relation to a request to open a Registry account made after the commencement of the amending instrument.
72 Amendments made by Schedule 2 to the Safeguard Mechanism Legislation Amendment (2023 Measures No. 1) Regulations 2023
The amendments of subregulation 28(3) made by Schedule 2 to the Safeguard Mechanism Legislation Amendment (2023 Measures No. 1) Regulations 2023 do not apply in relation to a written notice given before the commencement of that Schedule.
73 Amendments made by the Australian National Registry of Emissions Units Amendment (Identity Evidence) Regulations 2025
The amendments of these Regulations made by Schedule 1 to the Australian National Registry of Emissions Units Amendment (Identity Evidence) Regulations 2025 (the amending regulations) apply in relation to requests to open a Registry account or to remove or add an authorised representative made on or after the commencement of the amending regulations.