Document ID: chunk:federal_register_of_legislation:C2024C00490:section:140
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 140
Character Range: 238846–240405

140  Designation of nominee account

Scope
 (1) This section applies if:
 (a) there are 2 or more project proponents (the multiple project proponents) for an eligible offsets project; and
 (b) the multiple project proponents have nominated a nominee under subsection 136(2) in relation to the project; and
 (c) the nomination is in force.

Request for nominee account
 (2) The nominee 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 nominee; and
 (b) request the Regulator to designate that account as the nominee 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 nominee account
 (6) After considering a request under paragraph (2)(b), the Regulator may designate the Registry account as the nominee account for the eligible offsets project.