Document ID: chunk:federal_register_of_legislation:C2024C00572:section:22xk:p2
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 22XK (pt 2/2)
Character Range: 108432–109898

for the facility for the period; and
 (d) the person had, at a time ascertained in accordance with the safeguard rules, surrendered, in relation to a later period ascertained in accordance with the safeguard rules, some or all of the prescribed carbon units covered by the excess surrender situation for the purpose of reducing the net emissions number for the facility for that later period.

Increase—Australian carbon credit units that were issued in relation to the facility
 (4) If:
 (a) a person (the relevant person) was the responsible emitter for a facility throughout a particular period; and
 (b) during that period, one or more Australian carbon credit units were issued under the Carbon Credits (Carbon Farming Initiative) Act 2011 in respect of an eligible offsets project; and
 (c) some or all of those Australian carbon credit units are attributable to carbon abatement at the facility; and
 (d) if the units covered by paragraph (c) were issued to another person:
 (i) the relevant person consented to the other person carrying out the project; and
 (ii) the consent was given under regulations or legislative rules made for the purposes of paragraph 15(2)(h) or 27(4)(l) of the Carbon Credits (Carbon Farming Initiative) Act 2011;
the net emissions number for the facility for the period is increased by the total number of those Australian carbon credit units.
 (5) Subsection (4) does not apply in circumstances prescribed by the safeguard rules.