Clean Energy Amendment (International Emissions Trading and Other Measures) Act2012 (204 of 2012)

Schedule 1  

Part 1   General amendments

Australian National Registry of Emissions Units Act 2011

4   Section 4

Insert:

European allowance unit means an allowance (within the meaning of the European Union Greenhouse Gas Emission Allowance Trading Directive) issued by, or under the authority of:

(a) a foreign country that is a Member State of the European Union; or

(b) a foreign country that:

(i) is not a Member State of the European Union; and

(ii) participates in the scheme for greenhouse gas emission allowance trading established by the Directive;

but does not include an allowance issued in respect of aviation activities listed in Annex 1 of the Directive.