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

13   After subsection 16(4)

Insert:

(5) The legislative rules may provide that if, immediately before the Regulator closes a Registry account under regulations made for the purposes of subsection (1), there is an entry for a safeguard mechanism credit unit in the account, then the Regulator must take such action in relation to the unit as is specified in the legislative rules.