s 41
In forceCommitment period reserve
Part 3Kyoto units
41 Commitment period reserve
(1)
The regulations may make provision for, or in relation to, the management of Australia’s commitment period reserve.
(2)
Regulations made for the purposes of subsection (1) may prevent, restrict or limit the transfer of Kyoto units from a Registry account to:
(a)
a foreign account; or
(b)
a voluntary cancellation account.
(3)
Regulations made for the purposes of subsection (1) may prevent, restrict or limit the giving of instructions, under paragraph 154(1)(b) of the Carbon Credits (Carbon Farming Initiative) Act 2011, for the transfer of Kyoto Australian carbon credit units.
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