Document ID: chunk:federal_register_of_legislation:F2025C00080:clause:1_30a:p1
Version: federal_register_of_legislation:F2025C00080
Segment Type: clause
Provision Reference: sch 1 cl 30A (pt 1/2)
Character Range: 152056–154804

30A  Linked applications for revocation in relation to savanna emissions avoidance project and declaration of new savanna sequestration project
Note: This provision is part of a mechanism that enables the project proponent of a savanna emissions avoidance project, in effect, to transfer the project to a determination that also provides credits for sequestration.  The section 27 declaration for the original project is revoked, and a new section 27 declaration is made for the project under the sequestration determination.

Application of this section
 (1) This section applies if the Regulator receives a request to act in accordance with this section, accompanied by:
 (a) an application in accordance with subsection (4) to revoke the section 27 declaration in relation to a savanna emissions avoidance project (the former project); and
 (b) an application under section 22 of the Act for a savanna sequestration project with one or more project areas that are identical to the project areas under the former project (the new project); and
 (c) a statement that the applicant wishes the declaration in relation to the former project to be revoked if, and only if, the new project is to be declared an eligible offsets project; and
 (d) evidence that all persons who hold an eligible interest in the project area of the new project have consented to the making of the application under section 22 of the Act for that new project.

How the Regulator is to act
 (2) The Regulator must proceed sequentially as follows:
 (a) wait until a time when all the following conditions are fulfilled:
 (i) the project proponent has submitted an offsets report for the former project that covers the most recent full calendar year and all project areas for the project;
 (ii) any certificates of entitlement arising from that report have been issued;
 (iii) the relevant Australian carbon credit units have been issued to the holder of the certificate of entitlement (if any);
 (iv) there is sufficient time remaining in the calendar year for the new project to be declared an eligible offsets project before 1 December of that year and the crediting period for the new project to begin;
                  Note: If, by the time the carbon credits have been issued in relation to an offsets report, there is not sufficient time for the new project to be declared eligible before 1 December of a calendar year, the Regulator must wait until the calendar year has been completed and an offsets report in relation to it submitted before reconsidering whether the conditions are fulfilled. It is not possible for such new projects to defer the start of their crediting period past the calendar year in which they are declared.
 (b) decide whether the new project