Document ID: chunk:federal_register_of_legislation:C2023C00080:clause:1_64a
Version: federal_register_of_legislation:C2023C00080
Segment Type: clause
Provision Reference: sch 1 cl 64A
Character Range: 60246–61358

64A  Voluntary cancellation of carbon units
 (1) If a person is the registered holder of one or more carbon units, the person may, by electronic notice transmitted to the Regulator, request the Regulator to cancel any or all of those units.
 (2) A notice under subsection (1) must:
 (a) specify the carbon unit or units that are to be cancelled; and
 (b) specify the account number or account numbers of the person's Registry account, or the person's Registry accounts, in which there is an entry or entries for the carbon unit or units that are to be cancelled.
 (3) A person is not entitled to request the Regulator to cancel a carbon unit that:
 (a) was issued in accordance with section 100 of the Clean Energy Act 2011; or
 (b) has a vintage year that is a fixed charge year.
 (4) If the Regulator receives a notice under subsection (1) in relation to a carbon unit:
 (a) the unit is cancelled; and
 (b) the Regulator must remove the entry for the unit from the person's Registry account in which there is an entry for the unit.
 (5) The Registry must set out a record of each notice under subsection (1).