Safeguard Mechanism (Crediting) Amendment Act 2023 (14 of 2023)

Schedule 2   Australian National Registry of Emissions Units

Australian National Registry of Emissions Units Act 2011

1   Section 3

Omit:

• Entries may be made in Registry accounts for:

(a) Australian carbon credit units; and

(b) Kyoto units.

• This Act sets out rules about dealings with Kyoto units.

substitute:

• Entries may be made in Registry accounts for:

(a) Australian carbon credit units; and

(b) Kyoto units; and

(c) safeguard mechanism credit units.

• This Act sets out rules about dealings with:

(a) Kyoto units; and

(b) safeguard mechanism credit units.