Document ID: chunk:federal_register_of_legislation:C2014A00119:clause:1_68
Version: federal_register_of_legislation:C2014A00119
Segment Type: clause
Provision Reference: sch 1 cl 68
Character Range: 56010–56887

68  Simplified outline of this Part

         • Generally, the crediting period for an eligible offsets project is:
             (a) 25 years for a sequestration offsets project; or
             (b) 7 years for an emissions avoidance offsets project.
         • However, the applicable methodology determination for the project may specify a different crediting period.
         • An eligible offsets project cannot have more than one crediting period.
         • However, transitional rules apply if a project was an eligible offsets project immediately before the commencement of this Part.
Note: Under section 15, the general rule is that the Regulator may only issue a certificate of entitlement to Australian carbon credit units in relation to a reporting period for an eligible offsets project if the reporting period is included in a crediting period for the project.