92Transmission of Australian carbon credit units by operation of law

92 Transmission of Australian carbon credit units by operation of law

(1) For paragraph 153(2)(b) of the Act, the transferee must give the Regulator a certified copy of a document showing transmission of the title to the Australian carbon credit units to the transferee.

Example: If an Australian carbon credit 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.

(2) For subsection 153(3) of the Act, a declaration of transmission must:

(a) be made in writing; and

(b) identify the serial numbers of the Australian carbon credit units transmitted; and

(c) set out the name, address 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 153(4) of the Act.