Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:40
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 40
Character Range: 97215–98463

40  Application must be accompanied by safeguard audit report
 (1) This section is made for the purposes of subsection 22XQ(3) of the Act.
 (2) An application for a determination that a facility is a trade‑exposed baseline‑adjusted facility must be accompanied by an audit report that meets the requirements of this section.
Note: Under subsection 75(1) of the Act, the Minister may determine requirements to be met by registered greenhouse and energy auditors in preparing for and carrying out safeguard audits.

Reasonable assurance matters
 (3) The audit report must include a conclusion in relation to each of the following matters:
 (a) whether, in all material respects, the information included in the application is correct;
 (b) whether, in all material respects, the facility satisfies the criteria specified in subparagraphs 42(2)(a)(vi) and (vii).
 (4) An audit report under this section must be the result of an audit which:
 (a) was conducted in accordance with the relevant requirements for reasonable assurance engagements under the National Greenhouse and Energy Reporting (Audit) Determination 2009; and
 (b) had an audit team leader who is registered as a Category 2 auditor under subregulation 6.25(3) of the NGER Regulations.