Document ID: chunk:federal_register_of_legislation:C2024C00490:section:144
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 144
Character Range: 243442–244270

144  Updating nominee account details on change of nominee

Scope
 (1) This section applies if:
 (a) there are 2 or more project proponents (the multiple project proponents) for an eligible offsets project; and
 (b) the multiple project proponents have nominated a nominee under subsection 136(2) in relation to the project; and
 (c) a nominee account for the project is kept in the name of the nominee; and
 (d) the nomination ceases to be in force; and
 (e) a new nomination of a nominee (the new nominee) is made under subsection 136(2).

Updating account details
 (2) As soon as practicable after receiving the new nomination, the Regulator must make the necessary alterations in the Registry to substitute the name of the new nominee for the name of the old nominee.

Division 4—Obligations of multiple project proponents