Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:78a
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 78A
Character Range: 167125–168535

78A  Audit of regulatory reports for facilities with high emissions

Audit required under section 74AA of the Act if emissions exceed 1 Mt CO2‑e
 (1) For the purposes of paragraph 74AA(1)(c) of the Act, the condition, in relation to a report that a person is required to provide under section 19, 22G, 22X or 22XB of the Act for a financial year in relation to one or more facilities, is that the amount of covered emissions of greenhouse gases from the operation of any of those facilities during the financial year exceeds 1 million tonnes of carbon dioxide equivalence.

Reasonable assurance conclusion for amounts exceeding 1 Mt CO2‑e
 (2) For the purposes of subsection 74AA(3) of the Act, the report for an audit, under subsection 74AA(2) of the Act, of a report (the regulatory report) in relation to one or more facilities must include:
 (a) a reasonable assurance conclusion; or
 (b) a qualified reasonable assurance conclusion;
as to whether, in all material respects, the quantities specified in the regulatory report that relate to the following are correct:
 (c) covered emissions of greenhouse gases from the operation of those facilities;
 (d) production variables for those facilities.

Part 6—Application and transitional provisions

Division 1—Application and transitional provisions relating to the National Greenhouse and Energy Reporting (Safeguard Mechanism) Amendment Rule (No. 1) 2019