National Greenhouse and Energy Reporting Act 2007
22XNDSafeguard mechanism credit units held in Commonwealth Registry accounts
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22XND Safeguard mechanism credit units held in Commonwealth Registry accounts
(1) Without limiting subsection 22XNA(2), the safeguard rules may provide for: (a) the transfer, in specified circumstances, of safeguard mechanism credit units held in a Commonwealth Registry account because of subsection 22XNB(1) to another person’s Registry account; or (b) the cancellation, in specified circumstances, of such units. (2) If safeguard mechanism credit units held in a Commonwealth Registry account are cancelled in accordance with safeguard rules made for the purposes of paragraph (1)(b), the Regulator must remove the entries for those units from that account.