Document ID: chunk:federal_register_of_legislation:C2024C00490:section:136
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 136
Character Range: 234512–235832

136  Nomination of nominee by multiple project proponents

Scope
 (1) This section applies to an offsets project if there are 2 or more project proponents (the multiple project proponents) for the project.

Nomination
 (2) The multiple project proponents may, by joint written notice given to the Regulator, nominate one of them as being their nominee in relation to the offsets project.
 (3) The joint written notice must be in a form approved, in writing, by the Regulator.
 (4) A notice under subsection (2) may accompany an application under this Act, the regulations or the legislative rules. In this case, the nomination is taken to have been given immediately before the application was made.

Revocation of nomination
 (5) If:
 (a) a person has been nominated under subsection (2) in relation to an eligible offsets project; and
 (b) one of the project proponents for the eligible offsets project, by written notice given to the Regulator, revokes the nomination;
the nomination ceases to be in force.

Cessation of nomination—nominee ceases to be a project proponent
 (6) If:
 (a) a person has been nominated under subsection (2) in relation to an eligible offsets project; and
 (b) the nominee ceases to be one of the project proponents for the eligible offsets project;
the nomination ceases to be in force.