Document ID: chunk:federal_register_of_legislation:C2024C00490:section:20a
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 20A
Character Range: 70599–71337

20A  Simplified outline of this Part

         • The Regulator may, on behalf of the Commonwealth, enter into contracts for the purchase by the Commonwealth of eligible carbon credit units.
         • Such a contract is to be known as a carbon abatement contract.
         • The Regulator may enter into a carbon abatement contract as the result of a carbon abatement purchasing process.
         • The Regulator may conduct carbon abatement purchasing processes on behalf of the Commonwealth. Such processes may include reverse auctions and tender processes.
         • The Regulator must have regard to certain principles and other matters when conducting a carbon abatement purchasing process.

Division 2—Carbon abatement contracts