Document ID: chunk:federal_register_of_legislation:F2025C00080:clause:1_76
Version: federal_register_of_legislation:F2025C00080
Segment Type: clause
Provision Reference: sch 1 cl 76
Character Range: 213530–215715

76  Subsequent audits—scope
 (1) A subsequent audit must be about:
 (a) whether, in all material respects, the offsets reports that cover the period of time covered by the audit have been prepared in accordance with section 76 of the Act; and
 (b) if a change relating to the project's compliance with project eligibility requirements or monitoring requirements, or a change relating to the scope or location of the project, has been notified in an offsets report in accordance with paragraph 70(3)(a) or (c), and the change has not been audited—whether, following the change, the project met the project requirements in all material respects; and
 (c) if a change in the way the project is being operated that is likely to result in the section 27 declaration for the project being revoked has been notified in accordance with section 87, and the change has not been audited—whether the reasons the section 27 declaration was likely to be revoked have been rectified in all material respects.
 (2) The subsequent audit must also be about any of the following if requested in writing by the Regulator:
 (a) whether, in all material respects, any matter identified as a qualification to an audit opinion in a previous audit of the project has met project requirements during the period of time covered by the audit;
 (b) any matter that could be covered by an initial audit of the project if:
 (i) the project is using a different methodology determination from that used when the project was last audited; or
 (ii) the technology used by the project is in the early stages of commercialisation or not widely used in Australia; or
 (iii) the methodology determination used for the project, or similar schemes for calculating and rewarding carbon abatement, have not been widely applied in Australia;
 (c) by agreement between the Regulator and the project proponent—any matter identified by the Regulator in a risk‑based assessment of the project.
 (3) Notice under subsection (2) must be given at a reasonable time before the report of the subsequent audit must be given to the Regulator.
 (4) The audit must cover a period of not less than 12 months.

Subdivision D—Triggered audits