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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