s 22XNL
In forceSet‑off
Part 3HEmissions reduction safeguard mechanism
Division 4ASafeguard mechanism credit units
Subdivision CCompliance with relinquishment requirement
22XNL Set‑off
If:
(a)
an amount (the first amount) is payable under section 22XNI or 22XNJ by a person; and
(b)
the following conditions are satisfied in relation to another amount (the second amount):
(i)
the amount is payable by the Commonwealth to the person;
(ii)
the amount is of a kind specified in the safeguard rules;
the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.
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