Document ID: chunk:federal_register_of_legislation:F2024C00787:front:0:p1
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Carbon Credits (Carbon Farming Initiative) (Audit Thresholds) Instrument 2015
made under subsection 75(4) of the

Carbon Credits (Carbon Farming Initiative) Rule 2015

Compilation No. 2

Compilation date: 30 August 2024

                Includes amendments: F2024L01067

About this compilation

This compilation

This is a compilation of the Carbon Credits (Carbon Farming Initiative) (Audit Thresholds) Instrument 2015 that shows the text of the law as amended and in force on 30 August 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
1. Name
3. Definitions
4. Audit thresholds
5. Number of subsequent audits
6. Trigger audit threshold
7. Alternative assurance projects
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

1.  Name
  This is the Carbon Credits (Carbon Farming Initiative) (Audit Thresholds) Instrument 2015.

3.  Definitions
  In this instrument:
CFI Rule means the Carbon Credits (Carbon Farming Initiative) Rule 2015.
New project means an eligible offsets project other than a transitioning project which is not required to have an initial audit.
tCO2-e means tonnes of carbon dioxide equivalent.

4.  Audit thresholds
  The audit thresholds for eligible offsets projects are as follows:

Annual average abatement amount  Audit threshold
50 000 tCO2-e or less            Threshold A (small)
50 001 to 150 000 tCO2-e         Threshold B (medium)
More than 150 000 tCO2-e         Threshold C (large)

5.  Number of subsequent audits
  The number of subsequent audits required for eligible offsets projects