s 32 Suspension of fixed-price carbon credit registry account
32.—(1) The Agency may suspend an FPCC registry account for a taxable facility of a registered person for a period not exceeding one year, if the Agency reasonably believes that —(a) any information given in relation to the registration of the taxable facility was false or misleading in any material particular; (b) there has been unauthorised access to the account; (c) the account is used or intended to be used for purposes of a criminal offence; or (d) any fixed‑price carbon credit in the account was obtained through fraud or any other unlawful means.[Act 37 of 2022 wef 01/01/2024] (2) For so long as an FPCC registry account is suspended —(a) no fixed‑price carbon credits may be purchased and credited into the account;[Act 37 of 2022 wef 01/01/2024] (b) no fixed‑price carbon credits in the account may be transferred to another FPCC registry account under section 27(2) or surrendered under section 28; and[Act 37 of 2022 wef 01/01/2024] (c) section 17(2)(b) applies to any tax required to be paid during the period of suspension.[Act 37 of 2022 wef 01/01/2024] (3) If the Agency is satisfied that there is good reason to do so, the Agency may —(a) extend the period of the suspension for any further period or periods, each not exceeding one year; or (b) lift the suspension before the period of suspension expires.[Act 37 of 2022 wef 01/01/2024]