Document ID: chunk:federal_register_of_legislation:C2024C00490:section:151
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 151
Character Range: 246938–247765

151  Transfer of Australian carbon credit units
  For the purposes of this Act, if there is an entry for an Australian carbon credit unit in a Registry account (the first Registry account) kept by a person (the first person):
 (a) a transfer of the unit from the first Registry account to a Registry account kept by another person consists of:
 (i) the removal of the entry for the unit from the first Registry account; and
 (ii) the making of an entry for the unit in the Registry account kept by the other person; and
 (b) the transfer of the unit from the first Registry account to another Registry account kept by the first person consists of:
 (i) the removal of the entry for the unit from the first Registry account; and
 (ii) the making of an entry for the unit in the other Registry account kept by the first person.