164XCancellation of registered offset when offset naturally ends

164X Cancellation of registered offset when offset naturally ends

[Section 164X Inserted by No. 33 of 2015, s. 20, Applied:01 Jan 2016]

(1)  As soon as practicable after the activity, mitigation, measure or action constituting a registered offset comes to its natural end –

(a) if the registered offset relates to land – the owner of the land; or

(b) if the registered offset relates to water – the owner of the dam to which the registered offset relates –

must notify the Secretary, in writing, of that fact.

(2)  On receiving a notice under subsection (1) , the Secretary is to cancel the registration of the relevant offset by removing it from the offsets register.