295RAction that may be taken by EPA in relation to green offset schemes or works

295R Action that may be taken by EPA in relation to green offset schemes or works

295R Action that may be taken by EPA in relation to green offset schemes or works

(1) The regulations may authorise the EPA, or a person exercising functions under a green offset scheme on behalf of the EPA, to do any or all of the following, in the circumstances set out in the regulations—

(a) cancel or suspend green offset credits, or any entitlement that they confer,

(b) order the forfeiture of green offset credits to the EPA,

(c) cancel or suspend a person’s right to participate in a green offset scheme, or impose conditions or other restrictions on the right.

(2) The EPA may appoint a person to manage a green offset scheme or works on behalf of the EPA.

(3) The EPA may manage or participate in a green offset scheme, including by holding, creating and trading in green offset credits, and may manage or participate in green offset works.

ss 295R–295X: Ins 2005 No 96, Sch 1 [129].