Carbon Credits (Carbon Farming Initiative) Amendment (Extended Accounting Period) Rule 2016

I, Greg Hunt, Minister for the Environment, make the following rule.

Dated 4 February 2016

Greg Hunt

Minister for the Environment

Contents

1 Name

2 Commencement

3 Authority

4 Schedules

Schedule 1—Amendments

Carbon Credits (Carbon Farming Initiative) Rule 2015

1  Name

  This is the Carbon Credits (Carbon Farming Initiative) Amendment (Extended Accounting Period) Rule 2016.

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under the Carbon Credits (Carbon Farming Initiative) Act 2011.

4  Schedules

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Carbon Credits (Carbon Farming Initiative) Rule 2015

1  Section 6

Repeal the section, substitute:

6  Extended accounting period

  For subsection 7A(1) of the Act, an eligible offsets project that is covered by either of the following methodology determinations has an extended accounting period of 6 years:

 (a) the Carbon Credits (Carbon Farming Initiative—Alternative Waste Treatment) Methodology Determination 2015;

 (b) the Carbon Credits (Carbon Farming Initiative—Source Separated Organic Waste) Methodology Determination 2016.