Document ID: chunk:federal_register_of_legislation:F2023C00489:reg:26
Version: federal_register_of_legislation:F2023C00489
Segment Type: reg
Provision Reference: reg 26
Character Range: 31762–33298

26  Kyoto units that cannot be transferred—Commonwealth Registry accounts
 (1) For subsection 14(1) of the Act, a Kyoto unit to which subregulation (2) applies cannot be transferred.
 (2) This subregulation applies to a Kyoto unit for which there is an entry in any of the following Commonwealth Registry accounts:
 (a) the retirement account for a particular commitment period;
 (b) the net source cancellation account for a particular commitment period;
 (c) the non‑compliance cancellation account for a particular commitment period;
 (d) the voluntary cancellation account for a particular commitment period;
 (e) the mandatory cancellation account for a particular commitment period;
 (f) the temporary certified emission reduction replacement (expiry) account for a particular commitment period;
 (g) the long‑term certified emission reduction replacement (expiry) account for a particular commitment period;
 (h) the long‑term certified emission reduction replacement (storage reversal) account for a particular commitment period;
 (i) the long‑term certified emission reduction replacement (non‑certification) account for a particular commitment period;
 (j) a Commonwealth relinquished units account;
 (k) an Australian carbon credit unit cancellation account.
Note: Subsection 14(2) of the Act provides that regulations made for the purposes of subsection 14(1) of the Act have effect despite any other provision of that Act or the Carbon Credits (Carbon Farming Initiative) Act 2011.

Division 2.4—Closing Registry accounts