Document ID: chunk:federal_register_of_legislation:C2024C00517:section:4:p3
Version: federal_register_of_legislation:C2024C00517
Segment Type: section
Provision Reference: s 4 (pt 3/5)
Character Range: 14790–17555

safeguard mechanism credit unit—has the same meaning as in the National Greenhouse and Energy Reporting Act 2007.
Kyoto Australian carbon credit unit has the same meaning as in the Carbon Credits (Carbon Farming Initiative) Act 2011.
Kyoto Party means a Party to the Kyoto Protocol.
Kyoto Protocol means the Kyoto Protocol to the United Nations Framework Convention on Climate Change done at Kyoto on 11 December 1997, as amended and in force for Australia from time to time.
Note: The text of the Kyoto Protocol is set out in Australian Treaty Series 2008 No. 2 ([2008] ATS 2). In 2011, the text of an international agreement in the Australian Treaty Series was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).
Kyoto rules means:
 (a) the Kyoto Protocol; or
 (b) a decision of the Meeting of the Kyoto Parties; or
 (c) if a standard or other instrument, as existing from time to time, is adopted by the Meeting of the Kyoto Parties for a purpose relating to:
 (i) the Kyoto Protocol; or
 (ii) a decision of the Meeting of the Kyoto Parties;
  the standard or instrument as existing from time to time; or
 (d) if a standard or other instrument, as existing at a particular time, is adopted by the Meeting of the Kyoto Parties for a purpose relating to:
 (i) the Kyoto Protocol; or
 (ii) a decision of the Meeting of the Kyoto Parties;
  the standard or instrument as existing at that time; or
 (e) a prescribed instrument that relates to:
 (i) the Kyoto Protocol; or
 (ii) a decision of the Meeting of the Kyoto Parties.
It is immaterial whether a standard or instrument covered by paragraph (c), (d) or (e) was made before, at or after the commencement of this section. Despite anything in subsection 14(2) of the Legislation Act 2003, regulations made for the purposes of paragraph (e) may prescribe an instrument:
 (f) as existing at a particular time; or
 (g) as existing from time to time.
Kyoto unit means:
 (a) an assigned amount unit; or
 (b) a certified emission reduction; or
 (c) an emission reduction unit; or
 (d) a removal unit; or
 (e) a prescribed unit issued in accordance with the Kyoto rules.
It is immaterial whether a unit covered by paragraph (e) was issued in or outside Australia.
legislative rules means rules made under section 94A.
long‑term certified emission reduction means a certified emission reduction that is treated as a long‑term certified emission 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