CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 209 Simplified outline
CLEAN ENERGY ACT 2011 (NO. 131, 2011) - SECT 209
Simplified outlineThe following is a simplified outline of this Part:
• If a person is the registered holder of one or more carbon units, the person may, by electronic notice transmitted to the Regulator, relinquish any or all of those units.
• An administrative penalty is payable for non-compliance with a relinquishment requirement under this Act or the Jobs and Competitiveness Program.
Note: A person may be required to relinquish carbon units under section 208 (fraudulent conduct) or the Jobs and Competitiveness Program.