Australian National Registry of Emissions Units Act 2011

The object of this section is to provide for the issue of Australia’s assigned amount units for a commitment period.

The Secretary may, by written notice given to the Regulator, direct the Regulator to issue to the Commonwealth, in accordance with the Kyoto rules, a specified number of assigned amount units for a specified commitment period.

The Regulator must comply with a direction under subsection (2).

The Regulator is to issue an assigned amount unit by making an entry for the unit in a Commonwealth holding account.

This section does not, by implication, affect the validity of the issue of assigned amount units, where the units were issued before the commencement of this section under the executive power of the Commonwealth.