Document ID: chunk:federal_register_of_legislation:C2024C00490:section:130
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 130
Character Range: 228135–229843

130  Regulator may approve application of methodology determination to a project with effect from the start of a reporting period

Scope
 (1) This section applies if, during a reporting period for an eligible offsets project, a request under section 128 has been made for the approval of the application of a specified methodology determination to the project with effect from the start of the reporting period.

Approval
 (2) After considering the request, the Regulator may, by writing, approve the application of the methodology determination to the project with effect from the start of the reporting period.
 (3) The Regulator must not give an approval under subsection (2) unless the Regulator is satisfied that the project is covered by the methodology determination.

Notification of approval etc.
 (4) As soon as practicable after giving an approval under subsection (2), the Regulator must give a copy of the approval to the person who made the request.
 (4A) As soon as practicable after giving an approval under subsection (2), the Regulator must:
 (a) annotate the relevant section 27 declaration to include a reference to the application of the methodology determination to the project from the start of the reporting period; and
 (b) give a copy of the annotated declaration to the project proponent for the project.

Refusal
 (5) If the Regulator decides to refuse to approve the application of the methodology determination to the project, the Regulator must give written notice of the decision to the person who made the request.

Approval is not a legislative instrument
 (6) An approval given under subsection (2) is not a legislative instrument.

Division 3—Offsets integrity standards