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CORPORATIONS REGULATIONS 2001 - REG 9.12.04

Exemption from provisions of Chapter 7--carbon unit auctions

  (1)   For paragraph   1368(a) of the Act, section   791A of the Act does not have effect in relation to a person if:

  (a)   the person is engaged, by the Clean Energy Regulator, to assist in the conduct of the auction of carbon units under the Clean Energy Act 2011 ; and

  (b)   in conducting or assisting in the conduct of the auction, the person engages in conduct that constitutes operating a financial market.

  (2)   For paragraph   1368(a) of the Act, section   820A of the Act does not have effect in relation to a person if:

  (a)   the person is engaged, by the Clean Energy Regulator, to assist in the conduct of the auction of carbon units; and

  (b)   in conducting or assisting in the conduct of the auction, the person engages in conduct that constitutes operating a clearing and settlement facility.


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