Document ID: chunk:federal_register_of_legislation:C2024C00490:section:175:p2
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 175 (pt 2/2)
Character Range: 273897–274584

an Australian carbon credit unit is relinquished by a person in order to comply with a requirement under Part 7; or
 (b) an Australian carbon credit unit is voluntarily relinquished in order to satisfy a condition for revocation of a section 27 declaration in relation to an offsets project; or
 (c) an Australian carbon credit unit is voluntarily relinquished in order to satisfy a condition for revocation of a subsection 97(2) declaration;
then:
 (d) the unit is cancelled; and
 (e) the Regulator must remove the entry for the unit from the person's Registry account in which there is an entry for the unit.
 (6) The Registry must set out a record of each notice under subsection (1).