Carbon Credits (Carbon Farming Initiative) Rule 2015

Subsection 75(4)

Carbon Credits (Carbon Farming Initiative) (Audit Thresholds) Instrument 2015

The Clean Energy Regulator makes this instrument under subsection 75(4) of the Carbon Credits (Carbon Farming Initiative) Rule 2015.

The Seal of the Clean Energy Regulator was affixed the 10th day of March 2015 in the presence of:

……………………………………………     ………………………………………………….

Signature of Chair      Signature of Member

Chloe Munro       Anne T. Brown

1. Name

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

2.         Commencement

This instrument commences on the day after it is registered.

3.         Definitions

In this instrument:

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:

5.         Number of subsequent audits

The number of subsequent audits required for eligible offsets projects that meet an audit threshold set out in Column I of the following table is the number set out adjacent to that audit threshold in Column II or Column III, as applicable, of the following table.

6.         Trigger audit threshold

The trigger audit threshold for eligible offsets projects is 100 000 tCO2-e.