Document ID: chunk:federal_register_of_legislation:C2024C00517:section:4:p4
Version: federal_register_of_legislation:C2024C00517
Segment Type: section
Provision Reference: s 4 (pt 4/5)
Character Range: 17222–20108

reduction for the purposes of the relevant provisions of the Kyoto rules.
long‑term certified emission reduction replacement (non‑certification) account means a Commonwealth Registry account designated as the long‑term certified emission reduction replacement (non‑certification) account for a particular commitment period.
long‑term certified emission reduction replacement (storage reversal) account means a Commonwealth Registry account designated as the long‑term certified emission reduction replacement (storage reversal) account for a particular commitment period.
mandatory cancellation account means a Commonwealth Registry account designated as the mandatory cancellation account for a particular commitment period.
Meeting of the Kyoto Parties means the Meeting of the Parties to the Climate Change Convention serving as the meeting of the Parties to the Kyoto Protocol.
open, in relation to a Registry account, means open under regulations made for the purposes of subsection 10(1).
person means any of the following:
 (a) an individual;
 (b) a body corporate;
 (c) a trust;
 (d) a corporation sole;
 (e) a body politic;
 (f) a local governing body.
quarter means a period of 3 months starting on 1 July, 1 October, 1 January or 1 April.
registered holder, in relation to:
 (a) an Australian carbon credit unit; or
 (b) a Kyoto unit; or
 (c) a safeguard mechanism credit unit;
means the person in whose Registry account there is an entry for the unit.
Registry means the Australian National Registry of Emissions Units continued in existence under section 9.
Registry account means an account kept in accordance with regulations made for the purposes of subsection 10(1).
Regulator means the Clean Energy Regulator.
removal unit means a removal unit issued in accordance with the relevant provisions of the Kyoto rules. It is immaterial whether the unit was issued in or out of Australia.
reviewable decision has the meaning given by section 82.
safeguard mechanism credit unit has the same meaning as in the National Greenhouse and Energy Reporting Act 2007.
Secretary means the Secretary of the Department.
temporary certified emission reduction means a certified emission reduction that is treated as a temporary certified emission reduction for the purposes of the relevant provisions of the Kyoto rules.
transfer:
 (a) in relation to a Kyoto unit—has the meaning given by section 33; or
 (b) in relation to a safeguard mechanism credit unit—has the meaning given by section 48C.
trust means a person in the capacity of trustee or, as the case requires, a trust estate.
trustee has the same meaning as in the Income Tax Assessment Act 1997.
trust estate has the same meaning as in the Income Tax Assessment Act 1997.
voluntary cancellation account means a Commonwealth Registry account designated as the voluntary cancellation account for a particular commitment period.