Document ID: chunk:federal_register_of_legislation:C2024C00572:section:22xnb
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 22XNB
Character Range: 117406–118217

22XNB  Entry in Registry account must be made if safeguard mechanism credit units issued

Units issued to the Commonwealth
 (1) If the Regulator decides to issue a safeguard mechanism credit unit to the Commonwealth in relation to a facility, the Regulator must make an entry for the unit in a Commonwealth Registry account.

Units issued to persons other than the Commonwealth
 (2) If the Regulator decides to issue a safeguard mechanism credit unit to a person (other than the Commonwealth) in relation to a facility, the Regulator must make an entry for the unit in a Registry account kept by the person.
 (3) The Regulator must not issue a safeguard mechanism credit unit to a person (other than the Commonwealth) unless:
 (a) the person is a registered person; and
 (b) the person has a Registry account.