Document ID: chunk:federal_register_of_legislation:F2025C00080:clause:1_30b:p2
Version: federal_register_of_legislation:F2025C00080
Segment Type: clause
Provision Reference: sch 1 cl 30B (pt 2/3)
Character Range: 158879–161702

of entitlement (if any);
 (iv) there is sufficient time remaining in the calendar year for the new project to be declared an eligible offsets project before 1 December of that year and the crediting period for the new project to begin;
                  Note: If, by the time the carbon credits have been issued in relation to an offsets report, there is not sufficient time for the new project to be declared eligible before 1 December of a calendar year, the Regulator must wait until the calendar year has been completed and an offsets report in relation to it submitted before reconsidering whether the conditions are fulfilled. It is not possible for such new projects to defer the start of their crediting period past the calendar year in which they are declared.
 (b) decide whether the new project should be declared an eligible offsets project;
 (c) if the decision is to declare the new project an eligible offsets project:
 (i) vary the section 27 declaration for the original project in accordance with any requests under subsection (2) that are consistent with the applicable methodology determination for the original project; and
 (ii) vary the section 27 declaration for the original project to remove the project areas the subject of the application under subsection (5); and
 (iii) immediately afterwards, make the section 27 declaration for the new project.
 (4) If the Regulator:
 (a) for the purposes of paragraph (3)(b), decides that the new project should not be declared an eligible offsets project; or
 (b) cannot proceed sequentially under subsection (3) within 12 months;
  the application for variation of the project area in relation to the original project is taken to be withdrawn.

Application to revoke declaration in relation to original project
 (5) The application to vary the declaration of the original project to remove one or more project areas must be in the approved form and must be accompanied by the following information or documents:
 (a) the name and contact details of the applicant and whether the applicant is:
 (i) the project proponent; or
 (ii) the nominee of multiple project proponents;
 (b) the unique project identifier for the original project;
 (c) a geospatial map of the amended project areas for the original project and project areas for the new project in accordance with the CFI Mapping Guidelines;
 (d) an explanation of how any requests under subsection (2) are consistent with the applicable methodology determination for the original project;
 (c) a signed declaration by the applicant that the information included in, and the information and any documents accompanying, the application:
 (i) meets the requirements in this subsection; and
 (ii) is accurate.

When the revocation takes effect
 (6) A variation under subparagraph (3)(c)(i) or (ii) takes