Federal Register of Legislation - Australian Government

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SLI 2012 No. 288 Regulations as made
This regulation amends the Australian National Registry of Emissions Units Regulations 2011 to require the Clean Energy Regulator (CER) to notify the account holder if their nominated representative does not pass the ‘fit and proper person’ test, and empower the CER to deny a representative access to an account if the CER is no longer satisfied of the fit and proper test.
Administered by: Climate Change and Energy Efficiency
Registered 13 Dec 2012
Tabling HistoryDate
Tabled HR05-Feb-2013
Tabled Senate05-Feb-2013
Date of repeal 15 Dec 2012
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003

Commonwealth Coat of Arms

Australian National Registry of Emissions Units Amendment Regulation 2012 (No. 3)1

Select Legislative Instrument 2012 No. 288

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Australian National Registry of Emissions Units Act 2011.

Dated 6 December 2012

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

GREG COMBET


1              Name of regulation

                This regulation is the Australian National Registry of Emissions Units Amendment Regulation 2012 (No. 3).

2              Commencement

                This regulation commences on the day after it is registered.

3              Amendment of Australian National Registry of Emissions Units Regulations 2011

                Schedule 1 amends the Australian National Registry of Emissions Units Regulations 2011.


Schedule 1        Amendments

(section 3)

 

[1]           Subregulation 10 (4)

omit

subregulation (2)

insert

subregulation (3)

[2]           Paragraph 24 (f)

after

credit

insert

unit

[3]           After subregulation 28 (3)

insert

Cancellation or transfer of units

[4]           Subregulation 28 (4), heading

omit

[5]           Paragraph 31 (1) (a)

omit

subregulation (9) (2)

insert

subregulation 9 (2)

[6]           Subregulation 31 (4)

after

authorised representative’s identity

insert

or that the authorised representative meets the fit and proper person criteria

[7]           After subregulation 31 (4), including the note

insert

         (5)   If the Regulator:

                (a)    has given an authorised representative access to a Registry account under subregulation (2); and

               (b)    is no longer satisfied that the authorised representative meets the fit and proper person criteria;

the Regulator may deny the authorised representative access to the Registry account.

         (6)   If the Regulator denies an authorised representative access to a Registry account, the Regulator must, as soon as practicable:

                (a)    notify the relevant registered holder that access has been denied under subregulation (5), giving reasons for the denial; and

               (b)    require the holder to nominate another authorised representative.


Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.