53Effect of methodology determination ceasing to have effect—applications for registration

53 Effect of methodology determination ceasing to have effect—applications for registration

(1) This section applies to an application under section 11 for the Regulator to approve the registration of a biodiversity project if the methodology determination specified in the application under paragraph 12(2)(c) ceases to have effect (whether under this Subdivision or otherwise). (2) The Regulator must refuse the application. (3) The rules may provide for any of the following: (a) the Regulator to notify the applicant that the Regulator proposes to refuse the application under subsection (2); (b) the Regulator to give the applicant an opportunity to withdraw or vary the application before the Regulator refuses the application. (4) If: (a) an application is withdrawn under rules made for the purposes of subsection (3); and (b) the applicant has paid a fee in relation to the application; the Regulator must, on behalf of the Commonwealth, refund the application fee.