Carbon Credits (Carbon Farming Initiative) Act 2011

The regulations or the legislative rules may make provision for and in relation to empowering the Regulator to revoke a declaration under section 27 in relation to an offsets project.

Regulations or legislative rules made for the purposes of subsection (1) must not empower the Regulator to revoke a declaration unless:

information was given by a person to the Regulator in connection with the project; and

the information was:

contained in an application under this Act, the regulations or the legislative rules; or

given in connection with an application under this Act, the regulations or the legislative rules; or

contained in an offsets report; or

contained in a notification under Part 6; and

the information was false or misleading in a material particular.

Regulations or legislative rules made for the purposes of subsection (1) must require the Regulator to consult the project proponent for the project before deciding to revoke a declaration.

Regulations or legislative rules made for the purposes of subsection (1) must provide that, if a declaration of an eligible offsets project is revoked in accordance with those regulations or legislative rules, as the case may be, the Regulator must give a copy of the revocation to:

the project proponent; and

if the declaration relates to a sequestration offsets project—the relevant land registration official.