s 3
In forceSimplified outline
Part 1Preliminary
3 Simplified outline
The following is a simplified outline of this Act:
• The Australian National Registry of Emissions Units is continued in existence.
• The Regulator may, in accordance with the regulations, open a Registry account in the name of a person.
• Entries may be made in Registry accounts for:
(a)
Australian carbon credit units; and
(b)
Kyoto units; and
(c)
safeguard mechanism credit units.
• This Act sets out rules about dealings with:
(a)
Kyoto units; and
(b)
safeguard mechanism credit units.
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