CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 (NO. 101, 2011) - SECT 99 Revocation of declaration of carbon maintenance obligation--voluntary relinquishment of Australian carbon credit units

CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 (NO. 101, 2011) - SECT 99

Scope

             (1)  This section applies if:

                     (a)  an area or areas of land are subject to a carbon maintenance obligation; and

                     (b)  in the case of a single area--the area is not a project area for an eligible offsets project; and

                     (c)  in the case of 2 or more areas--none of the areas is a project area for an eligible offsets project; and

                     (d)  a person applies to the Administrator for the revocation of the relevant subsection 97(2) declaration; and

                     (e)  if the project is an eligible Kyoto project:

                              (i)  before the application was made, the applicant or another person voluntarily relinquished a number of Kyoto Australian carbon credit units in order to satisfy a condition for revocation of the declaration; and

                             (ii)  the number of relinquished units equals the net total number of Australian carbon credit units issued in relation to the project in accordance with Part 2; and

                      (f)  if the project is an eligible non-Kyoto project:

                              (i)  before the application was made, the applicant or another person voluntarily relinquished a number of non-Kyoto Australian carbon credit units in order to satisfy a condition for revocation of the declaration; and

                             (ii)  the number of relinquished units equals the net total number of Australian carbon credit units issued in relation to the project in accordance with Part 2.

Note 1:       See also section 177 (transfer of certain units instead of relinquishment of Kyoto Australian carbon credit units).

Note 2:       See also section 178 (transfer of certain units instead of relinquishment of non-Kyoto Australian carbon credit units).

Revocation

             (2)  The Administrator must, by writing, revoke the declaration.

Application

             (3)  An application under paragraph (1)(d) must:

                     (a)  be in writing; and

                     (b)  be in a form approved, in writing, by the Administrator.

Notification of revocation

             (4)  If the Administrator revokes the declaration, the Administrator must take all reasonable steps to ensure that a copy of the revocation is given to:

                     (a)  the project proponent for the project; and

                     (b)  each person who holds an eligible interest in the area, or any of the areas, of land; and

                     (c)  a person specified in the regulations; and

                     (d)  the relevant land registration official.

             (5)  A failure to comply with subsection (4) does not affect the validity of a variation or revocation.

Refusal

             (6)  If the Administrator decides to refuse to revoke the declaration, the Administrator must give written notice of the decision to the applicant.

Revocation is not a legislative instrument

             (7)  A revocation of the declaration is not a legislative instrument.