Document ID: chunk:federal_register_of_legislation:F2024L01750:reg:36
Version: federal_register_of_legislation:F2024L01750
Segment Type: reg
Provision Reference: reg 36
Character Range: 56695–57531

36  Unilateral cancellation—project proponent ceases to be a fit and proper person
  Subject to this Subdivision, the Regulator may cancel the registration of a registered biodiversity project if:
 (a) the Regulator is satisfied that:
 (i) if there is one project proponent for the project—the project proponent is not a fit and proper person; or
 (ii) if there are multiple project proponents for the project—any of those project proponents is not a fit and proper person; and
 (b) 90 days pass after the Regulator becomes so satisfied, and, at the end of that 90‑day period, the Regulator is not satisfied that each project proponent for the project is a fit and proper person.
Note: For the matters the Regulator must consider in being satisfied that a person is a fit and proper person, see sections 97, 98, 99 and 99A of the Act.