Document ID: chunk:federal_register_of_legislation:C2024C00517:section:45
Version: federal_register_of_legislation:C2024C00517
Segment Type: section
Provision Reference: s 45
Character Range: 68827–69388

45  A registered Kyoto unit is personal property for certain purposes

Scope
 (1) This section applies if there is an entry for a Kyoto unit in a Registry account.

Personal property
 (2) For each of the following purposes:
 (a) the purposes of the Bankruptcy Act 1966;
 (b) the purposes of Chapter 5 of the Corporations Act 2001;
 (c) the purposes of the law relating to wills, intestacy and deceased estates;
 (d) a prescribed purpose;
the unit is personal property and, subject to section 47, is transmissible by will and by devolution by operation of law.