Carbon Pricing Act 2018 · 2020 Revised Edition · Part 5 · Carbon Pricing
28. Surrender of fixed-price carbon credits
Feedback & supportLast amended by an amending law of 2022.
Subject to section 32, a registered person may surrender one or more fixed‑price carbon credits in the FPCC registry account for a taxable facility of the registered person, in payment of the tax payable by the registered person in relation to the taxable facility.
registered person
“registered person” means a person registered under section 7;
The Agency must, in respect of every fixed‑price carbon credit surrendered under subsection (1), remove the fixed‑price carbon credit from the FPCC registry account, and the registered person is treated as having paid the tax in relation to the taxable facility, to the extent of the total carbon price of the fixed‑price carbon credits so surrendered and removed.
Agency
“Agency” means the National Environment Agency established by the National Environment Agency Act 2002;