Commonwealth Consolidated Regulations

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Conduct that does not constitute dealing in a financial product--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 financial service consists of dealing in the carbon unit, Australian carbon credit unit or eligible international emissions unit on behalf of:

                              (i)  a related body corporate of the person; or

                             (ii)  an associated entity of the person; and

                     (c)  the related body corporate or associated entity is an entity that is a liable entity entered in the information database under section 183 of the Clean Energy Act 2011 .

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