62Effect of contravention of trading rules on volume discharge limit

62 Effect of contravention of trading rules on volume discharge limit

62 Effect of contravention of trading rules on volume discharge limit

(1) A person who proposes to accept the transfer of a credit is under a duty to ensure that the credit is transferred in accordance with this Division.

(2) If a credit is transferred, in respect of a block, to a discharge licence holder in contravention of this Division, the credit is to be excluded from the calculation of the volume discharge limit for the authorised discharge point of the discharge licence holder in respect of that block under Part 3.

(3) Subclause (2) applies even if the transfer of the credit is entered in the Credit Register.

Note—

A contravention of the provisions of this Regulation may also result in an enforcement or forfeiture order being made against a person under Part 8.

cl 62: Am 2016 (775), Sch 1 [49].

pt 5, div 3, hdg: Rep 2016 (775), Sch 1 [50].