#### 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.

Previous section22XNCSafeguard mechanism credit units issued must be identified with a financial year Next section22XNERegulator may require relinquishment of safeguard mechanism credit units etc. issued on false or misleading information

Section 22XND - National Greenhouse and Energy Reporting Act 2007 - Safeguard mechanism credit units held in Commonwealth Registry accounts — Zoe