Document ID: chunk:federal_register_of_legislation:C2011A00102:clause:1_18:p1
Version: federal_register_of_legislation:C2011A00102
Segment Type: clause
Provision Reference: sch 1 cl 18 (pt 1/2)
Character Range: 7587–10602

18  Transitional—Commonwealth Registry accounts

Scope
(1) This item applies to an account held by the Commonwealth within the register:
 (a) known as the Australian National Registry of Emissions Units; and
 (b) that was in existence under the executive power of the Commonwealth immediately before the commencement of this item.

Designation of account
(2) If, immediately before the commencement of this item, the account was described as a Commonwealth holding account, the Australian National Registry of Emissions Units Act 2011 has effect as if the account had been designated by the Carbon Credits Administrator as a Commonwealth holding account.
(3) If, immediately before the commencement of this item, the account was described as the retirement account for the first commitment period, the Australian National Registry of Emissions Units Act 2011 has effect as if the account had been designated by the Carbon Credits Administrator as the retirement account for the first commitment period.
(4) If, immediately before the commencement of this item, the account was described as the net source cancellation account for the first commitment period, the Australian National Registry of Emissions Units Act 2011 has effect as if the account had been designated by the Carbon Credits Administrator as the net source cancellation account for the first commitment period.
(5) If, immediately before the commencement of this item, a Commonwealth Registry account was described as the non‑compliance cancellation account for the first commitment period, the Australian National Registry of Emissions Units Act 2011 has effect as if the account had been designated by the Carbon Credits Administrator as the non‑compliance cancellation account for the first commitment period.
(6) If, immediately before the commencement of this item, the account was described as the voluntary cancellation account for the first commitment period, the Australian National Registry of Emissions Units Act 2011 has effect as if the account had been designated by the Carbon Credits Administrator as the voluntary cancellation account for the first commitment period.
(7) If, immediately before the commencement of this item, the account was described as the mandatory cancellation account for the first commitment period, the Australian National Registry of Emissions Units Act 2011 has effect as if the account had been designated by the Carbon Credits Administrator as the mandatory cancellation account for the first commitment period.
(8) If, immediately before the commencement of this item, a Commonwealth Registry account was described as the temporary certified emission reduction replacement (expiry) account for the first commitment period, the Australian National Registry of Emissions Units Act 2011 has effect as if the account had been designated by the Carbon Credits Administrator as the temporary certified emission reduction replacement (expiry) account for the first commitment period.
(9) If, immediately before