Document ID: chunk:federal_register_of_legislation:C2023A00014:clause:1_22xnb
Version: federal_register_of_legislation:C2023A00014
Segment Type: clause
Provision Reference: sch 1 cl 22XNB
Character Range: 16608–17419

22XNB  Entry in Registry account must be made if safeguard mechanism credit units issued

Units issued to the Commonwealth
 (1) If the Regulator decides to issue a safeguard mechanism credit unit to the Commonwealth in relation to a facility, the Regulator must make an entry for the unit in a Commonwealth Registry account.

Units issued to persons other than the Commonwealth
 (2) If the Regulator decides to issue a safeguard mechanism credit unit to a person (other than the Commonwealth) in relation to a facility, the Regulator must make an entry for the unit in a Registry account kept by the person.
 (3) The Regulator must not issue a safeguard mechanism credit unit to a person (other than the Commonwealth) unless:
 (a) the person is a registered person; and
 (b) the person has a Registry account.