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DraftAs enacted

Part 7 · Records and Registers

41. Registers to be kept and maintained by Agency

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(1)

The Agency must keep and maintain one or more registers, in which is or are entered such particulars as the Agency may determine, for the following:

(a)

registered persons;

(b)

reportable facilities of registered persons;

(c)

taxable facilities of registered persons;

(d)

registry accounts in the Carbon Credits Registry.

(2)

Without affecting subsection (1), the Agency must enter the following particulars into the register of registry accounts for each registry account:

(a)

the taxable facility and registered person to which the registry account relates;

(b)

the number and carbon price of the carbon credits credited into the registry account, and the date of the crediting;

(c)

the number and carbon price of the carbon credits surrendered by the registered person, and the date of the surrender;

(d)

the number and carbon price of the carbon credits in the registry account that are cancelled by the Agency, and the date of the cancellation;

(e)

such other information as may be prescribed.

(3)

Any register mentioned in subsection (1) may be kept and maintained electronically.

(4)

Where there is a deregistration under section 10, or a registry account is suspended under section 32 or closed under section 33, the Agency may —

(a)

remove the relevant register entry and the particulars under it, from the relevant register; or

(b)

indicate the fact of such deregistration, suspension or closure against the relevant register entry in the relevant register.

(5)

Without affecting subsection (4), if the Agency is satisfied that —

(a)

any registered person is wound up or dissolved;

(b)

any registered person has ceased to have operational control over any reportable facility or taxable facility of the registered person; or

(c)

any reportable facility or taxable facility has ceased to be under the operational control of any person,the Agency may —

(i)

remove the relevant register entry and the particulars under it, from the relevant register; or

(ii)

indicate that fact against the relevant register entry in the relevant register.

Report

Part 8

Administration and Enforcement, Etc.

Part 9

Miscellaneous

Schedules