Document ID: chunk:federal_register_of_legislation:C2024C00490:section:133:p1
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 133 (pt 1/2)
Character Range: 229843–232843

133  Offsets integrity standards
 (1) For the purposes of this Act, the offsets integrity standards are as follows:
 (a) the application of:
 (i) the requirements set out in; and
 (ii) the method specified in, or ascertained in accordance with;
  a methodology determination, in relation to projects of the kind specified in the determination, should result in carbon abatement that is unlikely to occur in the ordinary course of events (disregarding the effect of this Act);
 (b) to the extent to which a method specified in, or ascertained in accordance with, a methodology determination in accordance with paragraph 106(1)(c) involves ascertaining any of the following:
 (i) the removal of one or more greenhouse gases from the atmosphere;
 (ii) the reduction of emissions of one or more greenhouse gases into the atmosphere;
 (iii) the emission of one or more greenhouse gases into the atmosphere;
  the removal, reduction or emission, as the case may be, should be:
 (iv) measurable; and
 (v) capable of being verified;
 (c) a method specified in, or ascertained in accordance with, a methodology determination in accordance with paragraph 106(1)(c) should provide that carbon abatement used in ascertaining the carbon dioxide equivalent net abatement amount for a project must be eligible carbon abatement from the project;
 (d) a method specified in, or ascertained in accordance with, a methodology determination in accordance with paragraph 106(1)(c) should be supported by clear and convincing evidence;
 (e) a method specified in, or ascertained in accordance with, a methodology determination in accordance with paragraph 106(1)(c) should provide that, in ascertaining the carbon dioxide equivalent net abatement amount for a project, there is to be a deduction of the carbon dioxide equivalent of any amounts of greenhouse gases that:
 (i) are emitted as a direct consequence of carrying out the project; and
 (ii) under the determination, are taken to be material amounts;
 (g) to the extent to which a method specified in, or ascertained in accordance with, a methodology determination in accordance with paragraph 106(1)(c) involves an estimate, projection or assumption—the estimate, projection or assumption should be conservative;
 (h) such other standards (if any) as are set out in the legislative rules.
 (2) Without limiting paragraph (1)(d), evidence mentioned in that paragraph may include relevant scientific results published in peer‑reviewed literature.
 (3) Paragraph (1)(h) is not limited by the other paragraphs in subsection (1).

Conservative estimates, projections or assumptions
 (4) The Minister may, by legislative instrument, make a determination providing that a specified estimate, projection or assumption is taken to be conservative for the purposes of this section.
Note: For specification by class, see subsection 13(3) of the Legislation Act 2003.
 (5) The Minister may, by legislative instrument, make a determination providing that a specified estimate,