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Protection of the Environment Operations (Hunter River Salinity Trading Scheme) Regulation 2002
90Effect of forfeiture order
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90 Effect of forfeiture order
90 Effect of forfeiture order
(1) A forfeited credit continues in force as if it had not been forfeited, except that the EPA becomes the holder of the credit.
(2) The EPA is to make arrangements for the sale of any credits forfeited to the EPA by auction or public tender.
(3) This clause is subject to Part 7 (which requires a person who forfeits a credit to continue to pay to the EPA a contribution in respect of the credit until it is sold).