Document ID: chunk:federal_register_of_legislation:F2023C00489:reg:49
Version: federal_register_of_legislation:F2023C00489
Segment Type: reg
Provision Reference: reg 49
Character Range: 57509–58705

49  Transmission of Kyoto units by operation of law

Evidence of transmission
 (1) For paragraph 47(2)(b) of the Act, the transferee must give the Regulator a certified copy of a document showing transmission of the title to the Kyoto units to the transferee.
Example
If a Kyoto unit has been transmitted on the making of an order by a court, including a sequestration order, the evidence of the transmission would be a certified copy of the order.

Declaration of transmission
 (2) For subsection 47(3) of the Act, a declaration of transmission must:
 (a) be made in writing; and
 (b) identify the serial numbers of the Kyoto units; and
 (c) set out the name, address (if relevant) and Registry account number of the transferor; and
 (d) set out the name, address and Registry account number (if any) of the transferee; and
 (e) include a brief description of the circumstances that resulted in the transmission; and
 (f) be signed by the transferee.
Note: If the transferee does not already have a Registry account, the transferee must request that one be opened in the transferee's name—see subsection 47(4) of the Act.

Division 3.4—Carry‑over of Kyoto units to the second commitment period