Federal Register of Legislation - Australian Government

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Proclamations/Commencement of Act as made
This Proclamation provides for the commencement of sections 3-307 of the Carbon Credits (Carbon Farming Initiative) Act 2011.
Administered by: Industry, Innovation, Climate Change, Science, Research and Tertiary Education
Registered 07 Dec 2011
Tabling HistoryDate
Tabled HR07-Feb-2012
Tabled Senate07-Feb-2012
Date of repeal 09 Aug 2013
Repealed by Industry, Innovation, Climate Change, Science, Research and Tertiary Education (Spent and Redundant Instruments) Repeal Regulation 2013

EXPLANATORY STATEMENT

Issued by the Authority of the Minister for Climate Change and Energy Efficiency

Carbon Credits (Carbon Farming Initiative) Act 2011

 

Proclamation

 

Subsection 2(1) of the Carbon Credits (Carbon Farming Initiative) Act 2011 (the CFI Act) provides that sections 3 to 307 of the CFI Act commence on a single day to be fixed by Proclamation. This day must not occur before the day the Australian National Registry of Emissions Units Act 2011 (the ANREU Act) or the Carbon Credits (Consequential Amendments) Act 2011 (the Consequential Act) receives the Royal Assent. However, if any of these sections do not commence within the period of 6 months beginning on the day these Acts receive the Royal Assent, then the sections commence on the day after the end of that 6 month period. The ANREU Act and the Consequential Amendments Act received Royal Assent on 15 September 2011.

 

The purpose of the Proclamation is to fix 8 December 2011 as the day on which sections 3 to 307 of the CFI Act commence. Sections 3 to 97 of the ANREU Act, Schedule 1 of the Consequential Act, the Carbon Credits (Carbon Farming Initiative) Regulations 2011 and the Australian National Registry of Emissions Units Regulations 2011 commence at the same time as section 3 of the CFI Act.

 

The CFI Act, together with the ANREU Act and the Consequential Act, establishes the Carbon Farming Initiative (CFI). The CFI is a voluntary scheme that aims to provide incentives for the agricultural and forestry sectors to minimise greenhouse gas emissions or maximise carbon storage by altering their agricultural and forestry practices.

 

Sections 3 to 307 of the CFI Act provide the framework for the CFI. This includes eligibility requirements, application processes, reporting and notification requirements and compliance arrangements. Sections 3 to 97 of the ANREU Act establish rules on the opening and operation of registry accounts, and the handling of Kyoto units and prescribed international units. Schedule 1 of the Consequential Act provides for consequential amendments to other Acts and transitional arrangements for existing accounts within the Australian National Registry of Emissions Units.

 

Consultation

 

The Parliamentary Secretary for Climate Change and Energy Efficiency announced during a speech on 15 September 2011 that the CFI would commence in December 2011.

 

Extensive consultation on the CFI Act was conducted between October 2010 and February 2011, including a consultation paper and an exposure draft of the legislation.

 

 

 

Authority:       Subsection 2(1) of the Carbon Credits (Carbon Farming Initiative) Act 2011