CTHIn ForceAct
Carbon Credits (Carbon Farming Initiative) Act 2011
151Transfer of Australian carbon credit units
Start here
Get a plain-English read of 151
Turn the raw legal text into a practical explanation grounded in Carbon Credits (Carbon Farming Initiative) Act 2011.
#### 151 Transfer of Australian carbon credit units
For the purposes of this Act, if there is an entry for an Australian carbon 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) the 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.