115Cancellation of certain unused free carbon units

#### 115 Cancellation of certain unused free carbon units Scope (1) This section applies if: (a) a carbon unit was issued: (i) in accordance with the Jobs and Competitiveness Program; or (ii) in accordance with Part 8 (coal‑fired electricity generation); and (b) the unit has a vintage year that is a fixed charge year; and (c) there was an entry for the unit in a person’s Registry account at the end of 1 February next following that fixed charge year. Cancellation of unit (2) The Regulator must cancel the unit. (3) The Regulator must remove the entry for the unit from the person’s Registry account. (4) The Registry must set out a record of each cancellation under subsection (2).