The administrator must—
(a) | scrutinise an application in respect of a request for issuing of an extended letter of approval; |
(b) | satisfy her or himself that the requirements of regulation 10 have been complied with in view of issuing an extended letter of approval; |
(c) | issue an extended letter of approval; |
(d) | scrutinise an application for the purpose of listing of an offset; |
(e) | for the purposes of listing an offset satisfy her or himself that— |
(i) | an extended letter of approval complies with paragraph (b); and |
(ii) | a certificate of voluntary cancellation is in accordance with an agreement between the government of the Republic and the applicable issuing standard; |
[Regulation 9(e)(ii) substituted by section 7(a) of Notice No. 595, GG44818, dated 8 July 2021]
(iii) | a statement contained in the certificate of voluntary cancellation referred to in subpraragraph (ii), specifying that the request for voluntary cancellation is made for the purposes of utilising a carbon offset in accordance with these Regulations; |
[Regulation 9(e)(iii) substituted by section 7(a) of Notice No. 595, GG44818, dated 8 July 2021]
(f) | list an offset in the offset registry; |
(g) | issue a listing confirmation, reflecting the amount of credits indicated on the certificate of voluntary cancellation, upon successful listing of an offset in the offset registry; |
[Regulation 9(g) substituted by section 7(b) of Notice No. 595, GG44818, dated 8 July 2021]
(h) | alter the information in respect of an offset when the ownership in respect of the offset changes; |
(i) | issue a certificate as contemplated in regulation 8(e) for the purposes of utilising an offset for the purposes of reducing liability for the carbon tax; and |
(j) | retire an offset after that offset has been used to reduce liability for the carbon tax. |