26Unilateral cancellation of registration of biodiversity project—condition of registration has not been met

26 Unilateral cancellation of registration of biodiversity project—condition of registration has not been met

(1) The rules may make provision for and in relation to empowering the Regulator to cancel the registration of a registered biodiversity project.

Note: For review of decisions, see Part 20.

(2) Rules made for the purposes of subsection (1) must not empower the Regulator to cancel a registration unless: (a) the registration is subject to a condition mentioned in subsection 17(2), 18(2) or 18A(2); and (b) the Regulator is satisfied that the condition has not been met; and (c) at least 5 years have passed since the project was first registered. (3) Rules made for the purposes of subsection (1) must require the Regulator to consult the project proponent for the project before deciding to cancel the registration.