Document ID: chunk:federal_register_of_legislation:C2024C00490:section:48
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 48
Character Range: 137893–139441

48  Designation of special native title account

Scope
 (1) This section applies if a registered native title body corporate is taken, under section 46, to be the project proponent for an eligible offsets project.

Request for special native title account
 (2) The registered native title body corporate may:
 (a) request the Regulator, under regulations made for the purposes of subsection 10(1) of the Australian National Registry of Emissions Units Act 2011, to open a Registry account in the name of the registered native title body corporate; and
 (b) request the Regulator to designate that account as the special native title account for the eligible offsets project.
 (3) A request under paragraph (2)(b) must:
 (a) be in writing; and
 (b) be in a form approved, in writing, by the Regulator; and
 (c) be accompanied by such information as is specified in the regulations or the legislative rules; and
 (d) be accompanied by such other documents (if any) as are specified in the regulations or the legislative rules; and
 (e) be accompanied by the fee (if any) specified in the regulations or the legislative rules.
 (4) The approved form of request may provide for verification by statutory declaration of statements in requests.
 (5) A fee specified under paragraph (3)(e) must not be such as to amount to taxation.

Designation of special native title account
 (6) After considering a request under paragraph (2)(b), the Regulator may designate the Registry account as the special native title account for the eligible offsets project.