31A
CurrentNo variation of declaration of eligible offsets project as a 100‑year or 25‑year permanence period project
Part 3Eligible offsets projects
Division 3Variation of declaration of eligible offsets project
31A No variation of declaration of eligible offsets project as a 100‑year or 25‑year permanence period project
Scope
(1)
This section applies to a declaration under section 27 in relation to an offsets project if the declaration:
(a)
declares that the project is a 100‑year permanence period project; or
(b)
declares that the project is a 25‑year permanence period project.
Regulator must not vary permanence period
(2)
The Regulator must not:
(a)
if paragraph (1)(a) applies—vary the declaration to declare that the project is a 25‑year permanence period project; or
(b)
if paragraph (1)(b) applies—vary the declaration to declare that the project is a 100‑year permanence period project.
This Act’s bill:Explanatory memorandumSecond reading speech
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