This regulation is the Australian National Registry of Emissions Units Amendment Regulation 2014 (No. 1).

Each provision of this regulation specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2
Provisions	Commencement
1. Sections 1 to 4 and anything in this regulation not elsewhere covered by this table	The day after this regulation is registered.
2. Schedule 1	The day after this regulation is registered.
3. Schedule 2	The later of: (a) the day after this regulation is registered; and (b) the day Schedule 1 to the Carbon Farming Initiative Amendment Act 2014 commences. However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.

3 Authority

This regulation is made under the Australian National Registry of Emissions Units Act 2011.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments relating to the repeal of the carbon tax

Part 1—Main amendments

Australian National Registry of Emissions Units Regulations 2011

1 Regulation 3

Repeal the following definitions:

(a) definition of Clean Energy Act;

(b) definition of European Union Transaction Log;

2 Regulation 3 (note at the end of the definition of replacement day)

Repeal the note, substitute:

Note: A number of expressions used in these Regulations are defined in the Act, including the following:

(a) Australian carbon credit unit;

(b) clean development mechanism project;

(d) Commonwealth Registry account;

(e) hold (in relation to holding an Australian carbon credit unit);

(f) Kyoto unit;

(g) long‑term certified emission reduction;

(h) long‑term certified emission reduction replacement (non‑certification) account;

(i) long‑term certified emission reduction replacement (storage reversal) account;

(j) mandatory cancellation account;

(k) Registry account;

(l) Regulator;

(m) temporary certified emission reduction;

(n) transfer;

(o) voluntary cancellation account.

3 Regulation 3

Repeal the following definitions:

(a) definition of Union allowance deletion account;

(b) definition of Union Registry.

4 Regulation 4A

Repeal the regulation.

5 Paragraph 13(2)(b)

Repeal the paragraph.

6 Paragraph 13(2)(c)

Omit “for any other person—”.

7 Paragraph 24(o)

Omit “period;”, substitute “period.”.

8 Paragraphs 24(p) to (u)

Repeal the paragraphs.

9 Paragraph 27(1)(aa)

Repeal the paragraph.

10 Paragraph 27(1)(c)

Omit “account; and”, substitute “account.”.

11 Paragraph 27(1)(d)

Repeal the paragraph.

12 Paragraph 28(3)(b)

Omit “(3A), (4), (5), and (6)”, substitute “(4) and (5)”.

13 Subregulations 28(3A) and (6)

Repeal the subregulations.

14 Subregulation 28(7) (note)

Omit “subregulations (4) and (6)”, substitute “subregulation (4)”.

15 Paragraph 33(2)(aa)

Repeal the paragraph.

16 Paragraph 33(2)(b)

Omit “or”.

17 Paragraph 33(2)(c)

Repeal the paragraph.

18 Paragraph 34(4)(aa)

Repeal the paragraph.

19 Paragraph 34(4)(b)

Omit “or”.

20 Paragraph 34(4)(c)

Repeal the paragraph.

21 Regulation 35A

Repeal the regulation.

22 Part 4

Repeal the Part.

23 Regulation 65

Repeal the regulation.

Part 2—Application and transitional provisions

Australian National Registry of Emissions Units Regulations 2011

24 Parts 6, 6A and 6B

Repeal the Parts, substitute:

Part 6—Application and transitional provisions

70 Amendments made by Part 1 of Schedule 1 to the Australian National Registry of Emissions Units Amendment Regulation 2014 (No. 1)

(1) Despite the amendments of the old regulations made by Part 1 of Schedule 1 to the Australian National Registry of Emissions Units Amendment Regulation 2014 (No. 1), the old regulations continue to apply, for the purposes of the operation of the continuing Act, as if those amendments had not been made.

(2) In this regulation:

continuing Act means the Australian National Registry of Emissions Units Act 2011 as it continues to apply because of item 332 of Schedule 1 to the Clean Energy Legislation (Carbon Tax Repeal) Act 2014.

old regulations means these regulations as in force immediately before the commencement of Schedule 1 to the Australian National Registry of Emissions Units Amendment Regulation 2014 (No. 1).

Schedule 2—Other amendments

Australian National Registry of Emissions Units Regulations 2011

1 Regulation 3 (definition of fit and proper person criteria)

Repeal the definition.

2 Regulation 3

Insert:

fit and proper person test has the same meaning as in the Carbon Farming Act.

3 Paragraph 13(2)(c)

Repeal the paragraph, substitute:

4 Subregulation 17(1) (heading)

Repeal the heading.

5 Subregulation 17(1)

Omit “(1)”.

6 Subregulation 17(2)

Repeal the subregulation.

7 Paragraph 31(2)(b)

Repeal the paragraph, substitute:

(b) is satisfied that the authorised representative passes the fit and proper person test.

8 Subregulation 31(2A)

Omit “meet the fit and proper person criteria”, substitute “pass the fit and proper person test”.

9 Subregulation 31(4)

Omit “meets the fit and proper person criteria”, substitute “passes the fit and proper person test”.

10 Paragraph 31(5)(b)

Omit “meets the fit and proper person criteria”, substitute “passes the fit and proper person test”.

11 Paragraph 33(1)(e)

Repeal the paragraph, substitute:

(e) a change that causes the registered holder, or the registered holder’s authorised representative, to no longer pass the fit and proper person test.