Source: https://www.legislation.gov.au/Details/F2017C00670
Timestamp: 2019-06-16 15:31:24
Document Index: 793616221

Matched Legal Cases: ['art 2', 'art 2', 'art 3', 'art 4', 'art 5', 'art 6', 'art 7', 'art 9', 'art 10', 'art 11', 'art 15', 'art 17', 'art 18', 'art 19', 'art 26', 'art 1', 'art 2']

Details: F2017C00670
- F2017C00670
Rules/Other as amended, taking into account amendments up to Carbon Credits (Carbon Farming Initiative) Amendment Rule (No. 2) 2017
Carbon Credits (Carbon Farming Initiative) Amendment Rule (No. 2) 2017 - F2017L01039
F2017C00670
Compilation date: 16 August 2017
Includes amendments up to: Carbon Credits (Carbon Farming Initiative) Amendment Rule (No. 2) 2017
This is a compilation of the Carbon Credits (Carbon Farming Initiative) Rule 2015 that shows the text of the law as amended and in force on 16 August 2017 (the compilation date).
4B Specified statutory authorities................................................................. 6
5A Electronic notices transmitted to Regulator............................................ 7
6 Extended accounting period...................................................................... 7
Part 2—Issue of Australian carbon credit units in respect of offsets projects................ 8
7 Form of application for certificate of entitlement—information to accompany application 8
8 Form of application for certificate of entitlement—audit requirements.... 8
9 Issue of certificate of entitlement—eligibility requirements...................... 9
9A Permanence period discount number—short rotation plantation forestry projects 10
Part 2A—Purchase of eligible carbon credit units by the Commonwealth.................. 11
10 Duration of carbon abatement contracts................................................ 11
11 Conduct of carbon abatement purchasing process................................. 11
11A Australian carbon credit units purchased by the Commonwealth under carbon abatement contracts...................................................................................................................... 11
11B Approving forms for the conduct of carbon abatement purchasing process 12
Part 3—Eligible offsets projects........................................................................................ 13
Division 1—Application for declaration of eligible offsets project................................. 13
Subdivision A—Preliminary........................................................................................ 13
12 Operation of this Division...................................................................... 13
Subdivision B—General information and document requirements............................. 13
13 Information and documents to accompany application......................... 13
Subdivision C—Information and documents required to establish applicant’s identity 15
15 Information required to establish applicant’s identity........................... 15
16 Documents required to establish applicant’s identity............................ 17
17 Form etc. of documents......................................................................... 19
18 Aboriginal persons or Torres Strait Islanders......................................... 19
Division 2—Declaration of eligible offsets project......................................................... 21
Subdivision A—Content of declaration...................................................................... 21
19 Identification of project area.................................................................. 21
Subdivision B—Criteria for declaration...................................................................... 21
20 Eligibility requirements—consent.......................................................... 21
20A Eligibility requirement—project area not to be used to offset or compensate for adverse impact on vegetation..................................................................................................... 21
20B Excluded offsets project—certain new plantation forests.................. 22
21 Additionality requirements—requirements in lieu of government program requirement 26
Division 2A—Variation of declaration of eligible offsets project................................... 28
Subdivision A—Operation of this Division................................................................. 28
22 Operation of this Division...................................................................... 28
Subdivision B—Voluntary variation of declaration of eligible offsets project........... 28
23 Project area (or project areas)................................................................. 28
24 Project proponent................................................................................... 31
25 Removal of condition............................................................................. 33
26 Regulator may request further information............................................ 34
27 Applicant may withdraw application..................................................... 35
Division 2B—Revocation of declaration of eligible offsets project................................ 35
Subdivision A—Operation of this Division................................................................. 35
28 Operation of this Division...................................................................... 35
Subdivision B—Voluntary revocation of declaration of eligible offsets project........ 35
29 Voluntary revocation of declaration of eligible offsets project—units issued 35
30 Voluntary revocation of declaration of eligible offsets project—no units issued 37
31 Regulator may request further information............................................ 38
Subdivision C—Unilateral revocation of declaration of eligible offsets project......... 38
32 Unilateral revocation of declaration of eligible offsets project.............. 38
33 Consultation........................................................................................... 40
Division 2C—Eligible interest in an area of land............................................................ 40
34 Land transferable to an Aboriginal land council.................................... 40
Division 3—Types of projects......................................................................................... 42
50 Area‑based emissions avoidance projects.............................................. 42
Division 4—Restructure of eligible offsets projects........................................................ 42
51 Operation of this Division...................................................................... 42
52 Adjusting the net total number of Australian carbon credit units.......... 42
53 Adjusting crediting period—transferee offsets project......................... 43
54 Adjusting reporting period—transferee offsets project......................... 43
Part 4—Fit and proper person test................................................................................... 45
Division 1—Events that have happened.......................................................................... 45
60 Operation of this Division...................................................................... 45
61 Events for individuals, bodies corporate and executive officers of bodies corporate 45
62 Events for individuals............................................................................ 46
63 Events for bodies corporate................................................................... 46
64 Events for executive officers of bodies corporate................................. 46
Division 2—Other matters............................................................................................... 48
65 Operation of this Division...................................................................... 48
66 Other matters for individuals and bodies corporate............................... 48
Part 5—Crediting Period.................................................................................................. 49
Division 1—Limit on deferral of start of crediting period.............................................. 49
66A Operation of this Division................................................................... 49
66B Limit on deferral of start of crediting period...................................... 49
Part 6—Reporting and notification requirements.......................................................... 50
Division 1—Minimum length of first and subsequent reporting periods........................ 50
67 Operation of this Division...................................................................... 50
68 Minimum number of months applicable to offsets reports..................... 50
Division 2—General requirements for offsets reports..................................................... 51
69 Manner and form of offsets reports....................................................... 51
70 Information that must be set out in offsets reports................................ 51
71 Documents that must accompany offsets reports.................................. 54
Division 3—Audit reports to accompany offsets reports................................................ 55
Subdivision A—Operation of this Division................................................................. 55
72 Operation of this Division...................................................................... 55
Subdivision B—Audit schedules................................................................................. 55
73 Audit schedules...................................................................................... 55
Subdivision C—Scheduled (initial and subsequent) audits......................................... 56
74 Initial audits........................................................................................... 56
75 Subsequent audits—number.................................................................. 56
76 Subsequent audits—scope..................................................................... 57
Subdivision D—Triggered audits................................................................................ 58
77 Threshold audits..................................................................................... 58
78 Variance audits....................................................................................... 59
79 Qualified or other conclusion audits...................................................... 59
Subdivision E—Conduct of audits.............................................................................. 60
80 Conduct of audits.................................................................................. 60
Division 3A—Declaration that offsets reporting requirements does not apply............... 60
80A Regulator may declare offsets reporting requirements does not apply to project 60
80B Regulator may request further information......................................... 61
Division 4—Notification requirements............................................................................ 62
Subdivision A—Significant reversals.......................................................................... 62
81 Significant reversals relating to natural disturbances............................. 62
82 Significant reversals relating to conduct................................................ 62
Subdivision B—Other notification requirements........................................................ 62
83 Operation of this Subdivision................................................................ 62
84 Changes relating to project proponent................................................... 62
85 Errors in offsets reports.......................................................................... 62
86 Acts causing reversal of removal of carbon dioxide.............................. 63
87 Changes relating to operation of project................................................ 63
Part 7—Requirements to relinquish Australian carbon credit units............................. 64
88 Requirement to relinquish—significant reversals relating to an event other than natural disturbances or conduct......................................................................................................... 64
89 Requirement to relinquish—significant reversals relating to natural disturbances and conduct 64
Part 9—Methodology determinations.............................................................................. 65
90 Request to approve application of methodology determination to a project with effect from the start of a reporting period......................................................................................... 65
Part 10—Multiple project proponents............................................................................. 66
91 Designation of nominee account............................................................ 66
Part 11—Australian carbon credit units.......................................................................... 67
92 Transmission of Australian carbon credit units by operation of law...... 67
93 Transmission of Australian carbon credit units to a foreign account..... 67
Part 15—Relinquishment of Australian carbon credit units.......................................... 68
94 Market value of Australian carbon credit units...................................... 68
Part 17—Record‑keeping and project monitoring requirements.................................. 69
100 Record‑keeping requirements—general............................................... 69
101 Record‑keeping requirements—preparation of offsets report.............. 70
Part 18—Monitoring powers............................................................................................ 71
102 Identity cards....................................................................................... 71
Part 19—Audits.................................................................................................................. 72
103 Compliance audits—requirements for reimbursement......................... 72
Part 26—Emissions Reduction Assurance Committee................................................... 73
110 Operation of this Part........................................................................... 73
111 Procedure at meetings.......................................................................... 73
112 Quorum at meetings............................................................................. 73
113 Presiding at meetings........................................................................... 73
114 Manner of deciding questions.............................................................. 74
Schedule 1—Documents required to establish applicant’s identity............................. 75
Part 1—Documents for identifying individuals who are Australian citizens or residents..... 75
1 Category A documents............................................................................ 75
2 Category B documents............................................................................. 75
Part 2—Documents for identifying individuals who are not residents.......................... 77
3 Category A documents............................................................................ 77
4 Category B documents............................................................................. 77
(ii) more than 45 days have passed since that statement was sent; or
(n) if section 20B is relevant to the application—the ERF plantation expansion notification made in relation to the application and any information sent in connection with that application to the designated email account (within the meaning of that section).
am F2017L00925
am F2015L01201, am F2017L01039
ad F2015L01201, am F2017L00925, am F2017L01039
s 66B...................................