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

Link to law: https://www.comlaw.gov.au/Details/F2015L00284

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:
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 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.
Column I
Column II
Column III

Audit threshold
New projects
Transitioning projects that are not required to have an initial audit

Threshold A (small)
2
3

Threshold B (medium)
3
4

Threshold C (large)
5
6

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