Document ID: chunk:federal_register_of_legislation:C2023C00080:clause:4_28a
Version: federal_register_of_legislation:C2023C00080
Segment Type: clause
Provision Reference: sch 4 cl 28A
Character Range: 253549–254599

28A  Administrator may defer giving effect to a transfer instruction

Scope
 (1) This section applies if the Administrator receives an instruction to transfer one or more:
 (a) Australian carbon credit units; or
 (b) Kyoto units; or
 (c) prescribed international units;
to or from a Registry account kept in the name of a person.

Administrator may defer giving effect to the instruction
 (2) The Administrator may defer giving effect to the instruction, for a period not exceeding 48 hours, if the Administrator is satisfied that it is prudent to do so in order to:
 (a) ensure the integrity of the Registry; or
 (b) prevent, mitigate or minimise abuse of the Registry; or
 (c) prevent, mitigate or minimise criminal activity involving the Registry.

Prior notice not required
 (3) The Administrator is not required to give any prior notice of a deferral under subsection (2).

Other provisions
 (4) This section has effect despite:
 (a) any other provision of this Act; or
 (b) anything in the Carbon Credits (Carbon Farming Initiative) Act 2011.