Carbon Tax Act, 2019 (Act No. 15 of 2019)

Regulations

Regulations under section 19 of the Carbon Tax Act

Part Vl : Claiming of allowance

9. Duties of administrator for purpose of claiming of allowance by taxpayer

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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.