Document ID: chunk:federal_register_of_legislation:C2024C00490:section:126
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 126
Character Range: 224763–225656

126  Original methodology determination continues to apply after variation

Scope
 (1) This section applies if a methodology determination (the original determination) that covers an eligible offsets project is varied, under section 114, at any time during a crediting period for the project.

Continuation
 (2) Despite the variation, the original determination continues to apply to the project during the remainder of the crediting period as if the original determination had not been varied.
 (3) However, if the Regulator approves, under section 130:
 (a) the application of another methodology determination to the project, with effect from a particular time; or
 (b) the application of the original determination as varied to the project, with effect from a particular time;
subsection (2) does not apply to the project during so much of the crediting period as occurs after that time.