Summary

Part of a package of three bills to establish the Carbon Farming Initiative, the bill provides for: the purposes and functions of the Australian National Registry of Emissions Units; rules for opening and closing accounts in the registry; different types of registry accounts; procedures and requirements relating to Kyoto and non-Kyoto international units in the registry; publication of information; voluntary cancellation of emissions units; prevention or rectifying non-compliance with registry requirements; and merits review of decisions.