Corporations Amendment (Emissions Reduction Fund Participants) Regulation 2015

Select Legislative Instrument No. 24, 2015

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated  12 March 2015

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Josh Frydenberg

Assistant Treasurer

Contents

1 Name

2 Commencement

3 Authority

4 Schedules

Schedule 1—Amendments

Corporations Regulations 2001

1  Name

  This is the Corporations Amendment (Emissions Reduction Fund Participants) Regulation 2015.

2  Commencement

  This instrument commences on the day after it is registered.

3  Authority

  This instrument is made under the Corporations Act 2001.

4  Schedules

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Corporations Regulations 2001

1  Subregulation 1.0.02(1)

Insert:

carbon abatement contract has the same meaning as in the Carbon Credits (Carbon Farming Initiative) Act 2011.

2  At the end of subregulation 7.1.04(8)

Add:

 ; (c) a carbon abatement contract.

Note: For carbon abatement contract, see subregulation 1.0.02(1).

3  After regulation 7.1.07I

Insert:

7.1.07J  Specific things that are not financial products—carbon abatement

  For paragraph 765A(1)(y) of the Act, a carbon abatement contract is declared not to be a financial product.

Note: For carbon abatement contract, see subregulation 1.0.02(1).