Commonwealth Consolidated Acts

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CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 42

Net total number of Australian carbon credit units issued in relation to an eligible offsets project

    For the purposes of this Act, the net total number of Australian carbon credit units issued in relation to an eligible offsets project in accordance with Part   2 is the number worked out using the following formula:

    Start formula Total number of Australian carbon credit units issued in relation to the project in accordance with Part 2 minus Total number of Australian carbon credit units relinquished in order to comply with a requirement under Part 7 in relation to the project end formula



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