NSWIn ForceAct
Electricity Supply Act 1995
120Transfer of certificates
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#### 120 Transfer of certificates
120 Transfer of certificates
> > (1) A certificate is transferable in accordance with this Division.
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> > (2) A certificate is transferable only if—
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> > > (a) the certificate is registered as active in the register of certificates, or
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> > > (b) the date on which the certificate will be taken to be active is specified in the register of certificates.
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> > (3) The transfer of a certificate does not have effect until the transfer is registered by the Scheme Administrator.
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> > (4) An application for registration of a transfer of a certificate must be made to the Scheme Administrator by the parties to the transfer.
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> > (5) The Scheme Administrator must—
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> > > (a) grant the application by registering the transfer of the certificate in the register of certificates, or
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> > > (b) refuse the application.
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> > (6) The Scheme Administrator registers the transfer of a certificate by altering the entry relating to that certificate in the register of certificates to record the new owner of the certificate.
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> > (7) The Scheme Administrator may refuse an application for registration of a transfer of a certificate on any grounds specified in the regulations.
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> > (8) Regulations may be made in relation to applications for registration of a transfer, including to require an application fee to be paid to the Scheme Administrator.