Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.1.35B

Conduct that does not constitute dealing in a financial product--issuing carbon units, Australian carbon credit units or eligible international emissions units

                   For subsection 766C(7) of the Act, a financial service provided by a person is taken not to be dealing in a financial product if:

                     (a)  the financial product is a carbon unit, an Australian carbon credit unit or an eligible international emissions unit; and

                     (b)  the person is:

                              (i)  the Clean Energy Regulator; or

                             (ii)  the Clean Development Mechanism Executive Board; or

                            (iii)  the government of a country other than Australia; or

                            (iv)  an authority acting on behalf of the government of a country other than Australia; and

                     (c)  the financial service consists of issuing the carbon unit, Australian carbon credit unit or eligible international emissions unit.



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