Clean Energy Legislation (Carbon Tax Repeal) Act 2014 (83 of 2014)

Schedule 1   Repeal of the carbon tax

Part 4   Jobs and Competitiveness Program

Division 3   Issue of additional free carbon units

353   Issue of additional free carbon units

(1) If:

(a) a person has an under-allocation of free carbon units; and

(b) the person has a Registry account;

the Regulator must:

(c) issue to the person, under section 94 of the Clean Energy Act 2011, a number of free carbon units equal to the number of units in the under-allocation; and

(d) do so within the period ascertained in accordance with the rules.

(2) Free carbon units issued in accordance with subitem (1):

(a) are to have a vintage year beginning on 1 July 2013; and

(b) are taken (except for the purposes of this Part) to have been issued in accordance with the Jobs and Competitiveness Program.