Corporations Amendment Regulation 2012 (No. 1) (42 of 2012)

Schedule 1   Amendments

[7]   Regulation 7.1.40

insert

(2)For paragraph 766E (3) (e) of the Act, conduct that is mentioned in subsection 766E (1) of the Act does not constitute providing a custodial or depository service if the financial product is an Australian carbon credit unit that has been issued to:

(a)a special native title account in accordance with section 49 of the Carbon Credits (Carbon Farming Initiative) Act 2011; or

(b)a nominee account in accordance with section 141 of that Act.