Document ID: chunk:federal_register_of_legislation:C2025C00030:section:30l
Version: federal_register_of_legislation:C2025C00030
Segment Type: section
Provision Reference: s 30L
Character Range: 92338–94761

30L  Regulator to enter certificate into the clearing house
 (1) If:
 (a) an application is made in accordance with section 30K in relation to a small‑scale technology certificate; and
 (b) the certificate is or becomes registered in the register of small‑scale technology certificates;
the Regulator must enter the certificate into the clearing house by including the certificate on the clearing house transfer list in accordance with the regulations.
 (2) The clearing house transfer list is a list, maintained by the Regulator in accordance with the regulations, of the certificates that are available for transfer through the clearing house. The list must be maintained so that:
 (a) subject to paragraph (b), certificates are included on the list in the order in which applications relating to the certificates are received (with the certificates to which the most recent applications relate at the bottom of the list); and
 (b) if a certificate to which an application relates does not become registered until after the application was received, paragraph (a) applies as if the application was received when the certificate was registered; and
 (c) a certificate must be removed from the list if:
 (i) the certificate is withdrawn from the clearing house; or
 (ii) the certificate is transferred under section 30N; or
 (iii) the certificate is cancelled under section 30P.
Note: Regulations under section 30U may allow the Regulator to remove certificates from the list in other circumstances.
 (3) If the Regulator includes a certificate on the clearing house transfer list, the Regulator must:
 (a) alter the register of small‑scale technology certificates to show that the certificate is in the clearing house; and
 (b) take such other steps as are prescribed by the regulations.
 (4) While a certificate is on the clearing house transfer list, the certificate may still be transferred by its registered owner to another person otherwise than under this Part. Despite that transfer, the certificate will remain on the clearing house transfer list, and may be dealt with under this Part, unless the new registered owner withdraws the certificate from the clearing house.
Note: See also sections 27 (certificates may be transferred) and 28 (Regulator to be notified of transfer).
 (5) The clearing house transfer list is not a legislative instrument.

Division 4—Purchase of certificates through the clearing house