Protection of the Environment Operations (Hunter River Salinity Trading Scheme) Regulation 2002
77Contributions on forfeited credits
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77 Contributions on forfeited credits
77 Contributions on forfeited credits
(1) For the purposes of this Part, a person is taken to continue to hold a credit that is forfeited to the EPA under this Regulation until the EPA sells the credit.
(2) Any such credit is not to be considered to be held by the EPA for the purposes of a calculation made under this Part.
Note—
The object of this clause is to ensure that participants who forfeit credits remain liable to make a contribution under this Part in respect of the credit until the EPA sells the credit.