Document ID: chunk:federal_register_of_legislation:C2024C00490:section:125
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 125
Character Range: 223872–224763

125  Original methodology determination continues to apply after expiry

Scope
 (1) This section applies if a methodology determination (the original determination) that covers an eligible offsets project expires, in accordance with section 122, at any time during a crediting period for the project.

Continuation
 (2) Despite the expiry:
 (a) the original determination continues to apply to the project during the remainder of the crediting period as if the original determination had not expired; and
 (b) no other methodology determination applies to the project during the remainder of the crediting period.
 (3) However, if the Regulator approves, under section 130, the application of another methodology determination 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.