35Unilateral revocation of declaration of eligible offsets project—eligibility requirements not met etc.

#### 35 Unilateral revocation of declaration of eligible offsets project—eligibility requirements not met etc. (1) The regulations or the legislative rules may make provision for and in relation to empowering the Regulator to revoke a declaration under section 27 in relation to an offsets project. (2) Regulations or legislative rules made for the purposes of subsection (1) must not empower the Regulator to revoke a declaration unless the Regulator is satisfied that the project does not meet a requirement that is: (a) set out in subsection 27(4); and (b) specified in regulations or legislative rules made for the purposes of this paragraph. (3) Regulations or legislative rules made for the purposes of subsection (1) must require the Regulator to consult the project proponent for the project before deciding to revoke a declaration. (4) Regulations or legislative rules made for the purposes of subsection (1) must provide that, if a declaration of an eligible offsets project is revoked in accordance with those regulations or legislative rules, as the case may be, the Regulator must give a copy of the revocation to: (a) the project proponent; and (b) if the declaration relates to a sequestration offsets project—the relevant land registration official.