Carbon Credits (Carbon Farming Initiative) Act 2011
122Duration of methodology determinations
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122 Duration of methodology determinations
(1) A methodology determination: (a) comes into force: (i) when it is made; or (ii) if a later time is specified in the determination—at that later time; and (b) unless sooner revoked, remains in force for: (i) the period specified in the determination; or (ii) if a longer period is specified in relation to the determination in a legislative instrument made by the Minister—that longer period. (2) Paragraph (1)(a) has effect subject to section 130.
Note: Section 130 deals with approval of the application of a specified methodology determination to a project with effect from the start of a reporting period.
(4) If a methodology determination expires, this Act does not prevent the Minister from making a fresh methodology determination in the same terms as the expired determination.