30Unilateral cancellation of registration of biodiversity project—project proponent ceases to exist etc.

30 Unilateral cancellation of registration of biodiversity project—project proponent ceases to exist etc.

(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 any of the following circumstances exist: (i) the project proponent has died or ceased to exist, and there are no other project proponents for the project; (ii) the project is not being carried out (except to the extent that this is in accordance with the methodology determination that covers the project); and (b) 90 days pass after the circumstances began to exist, and the Regulator is not satisfied, at the end of that 90‑day period, that the circumstances have ceased to exist. (3) Rules made for the purposes of subsection (1) must require the Regulator, in a case where there is a project proponent for the project, to make reasonable efforts to consult the project proponent for the project before deciding to cancel the registration.