29Unilateral cancellation of registration of biodiversity project—project proponent ceases to be a fit and proper person

29 Unilateral cancellation of registration of biodiversity project—project proponent ceases to be a fit and proper person

(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 Regulator is satisfied that either: (i) if there is one project proponent for the project—the project proponent for the project is not a fit and proper person; or (ii) if there are multiple project proponents for the project—any of those project proponents is not a fit and proper person; and (b) 90 days pass after the Regulator becomes so satisfied, and, at the end of that 90‑day period, the Regulator is not satisfied that each project proponent for the project is a fit and proper person.

Note: For fit and proper person, see sections 97, 98, 99 and 99A.

(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.