CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 192 Number of relinquished units to be entered in the Information Database

CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 192

Scope

             (1)  This section applies if:

                     (a)  there is an entry for a person in the Information Database in relation to an eligible financial year; and

                     (b)  under this Act or the Jobs and Competitiveness Program, the person is required to relinquish a particular number of carbon units; and

                     (c)  during the eligible financial year, the person relinquishes one or more carbon units in order to comply with the requirement.

Carbon units relinquished

             (2)  As soon as practicable after receiving the notice of relinquishment, the Regulator must enter in the Information Database the total number of carbon units relinquished.