37Unilateral cancellation—project proponent ceases to exist etc.

37  Unilateral cancellation—project proponent ceases to exist etc.

 (a) the Regulator is satisfied that any of the following circumstances exist:

 (i) the project proponent has died or has 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.