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CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 103A Ownership of carbon unit

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 103A

Ownership of carbon unit

             (1)  The registered holder of a carbon unit:

                     (a)  is the legal owner of the unit; and

                     (b)  may, subject to this Act and the Australian National Registry of Emissions Units Act 2011 , deal with the unit as its legal owner and give good discharges for any consideration for any such dealing.

             (2)  Subsection (1) only protects a person who deals with the registered holder of the unit as a purchaser:

                     (a)  in good faith for value; and

                     (b)  without notice of any defect in the title of the registered holder.