Surrendering or removing interest
373Y Surrendering or removing interest
On lodgement of a document surrendering a carbon abatement interest to which land is subject, the registrar of titles may register the surrender to the extent shown in the document.
On registration of the document the interest is surrendered to the extent shown in the document.
Also, the registrar of titles may remove a carbon abatement interest from land if—
a request to remove the carbon abatement interest is lodged that establishes—
the period of time for which the interest was intended to exist has ended; or
an event upon which the interest was intended to end has happened; or
the registrar receives a request to remove the interest under an Act of the Commonwealth.
This Act’s bill:Explanatory memorandum
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