CTHIn ForceLegislation
Carbon Credits (Carbon Farming Initiative) Rule 2015
11AAustralian carbon credit units purchased by the Commonwealth under carbon abatement contracts
Start here
Get a plain-English read of 11A
Turn the raw legal text into a practical explanation grounded in Carbon Credits (Carbon Farming Initiative) Rule 2015.
#### 11A Australian carbon credit units purchased by the Commonwealth under carbon abatement contracts
For paragraph 20H(1)(a) of the Act, Australian carbon credit units purchased by the Commonwealth under a carbon abatement contract must be transferred to the Commonwealth registry account designated as the Commonwealth Emissions Reduction Fund Delivery Account.
> Note: Australian carbon credit units cannot be transferred to the Commonwealth Emissions Reduction Fund Delivery Account from another Commonwealth registry account that is used for the purposes of delivering or cancelling Australian carbon credit units.