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Protection of the Environment Operations (Hunter River Salinity Trading Scheme) Regulation 2002
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Protection of the Environment Operations (Hunter River Salinity Trading Scheme) Regulation 2002
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47 Sale of new credits by auction
(1) The EPA is to make arrangements for the sale of credits created as provided for by this Division from time to time by auction.
(2) At least one auction is to be held in every 2-year period.
(3) An auction is to be conducted in a manner determined by the EPA, in accordance with such rules (if any) as the EPA may make from time to time in connection with the conduct of auctions.
(4) Without limiting subclause (3), the rules made by the EPA in connection with the conduct of an auction may include:
(a) a limit on the number of credits that may be purchased by any one person, and
(b) a requirement that the successful bidder provide to the EPA evidence to the satisfaction of the EPA that the bidder has complied with the other rules of the auction.
(5) A copy of the rules (if any) that apply to an auction is to be made available for public inspection on the website of the EPA before the auction is conducted.
(6) The EPA may charge a fee to any person who buys a credit at auction in order to recover the costs incurred by or on behalf of the EPA in connection with the auction.