Document ID: chunk:federal_register_of_legislation:F2023L00526:reg:7
Version: federal_register_of_legislation:F2023L00526
Segment Type: reg
Provision Reference: reg 7
Character Range: 2493–3675

7  Transmission of safeguard mechanism credit units by operation of law etc.

Evidence of transmission
 (1) For paragraph 48E(3)(b) of the Act, the transferee must give the Regulator a certified copy of a document showing transmission of the title to the safeguard mechanism credit units to the transferee.
Example:  If a safeguard mechanism credit unit has been transmitted on the making of an order by a court, the evidence of the transmission would be a certified copy of the order.

Declaration of transmission
 (2) For subsection 48E(4) of the Act, a declaration of transmission must:
 (a) be made in writing; and
 (b) identify the serial numbers of the safeguard mechanism credit units; and
 (c) set out the name, address (if relevant) and Registry account number of the transferor; and
 (d) set out the name, address and Registry account number (if any) of the transferee; and
 (e) include a brief description of the circumstances that resulted in the transmission; and
 (f) be signed by the transferee.
Note: If the transferee does not already have a Registry account, the transferee must request that one be opened in the transferee's name—see subsection 48E(5) of the Act.