Creation of certificate must be registered
181 Creation of certificate must be registered
An application for registration of the creation of a certificate may be made to the Scheme Administrator by an accredited certificate provider.
A certificate is created when an application for registration of the creation of the certificate is made under subclause (1).
A certificate has no effect until the creation of the certificate is registered by the Scheme Administrator in the register of certificates.
The Scheme Administrator must determine an application for registration of the creation of a certificate by—
granting the application and registering the creation of the certificate in the register of certificates, or
refusing the application.
The Scheme Administrator registers the creation of a certificate by—
creating an entry for the certificate in the register of certificates, and
recording the name of the person who created the certificate as the owner of the certificate.
The Scheme Administrator may refuse an application for registration of the creation of a certificate on any grounds specified in the regulations.
Regulations may be made in relation to applications for registration of certificates, including—
to require an application fee to be paid to the Scheme Administrator, and
to adjust the amount of the fee for movements in the consumer price index.
The Scheme Administrator must publish the adjusted application fees on its website before the beginning of the compliance period to which the application fee applies.
This provision refers to the regulations (specified in the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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