Carbon Credits (Carbon Farming Initiative) Amendment (Specified Tree Planting) Rule 2023

Dated               20 June 2023              

Chris Bowen

Contents

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Schedules................................................................................................................................. 1

Schedule 1—Amendments commencing on the day after registration                     2

Carbon Credits (Carbon Farming Initiative) Rule 2015                                                               2

Schedule 2—Amendments commencing 1 June 2024                                                3

Carbon Credits (Carbon Farming Initiative) Rule 2015                                                               3

1  Name

                   This instrument is the Carbon Credits (Carbon Farming Initiative) Amendment (Specified Tree Planting) Rule 2023.

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Note:          This table relates only to the provisions of this instrument as originally made.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 section 308 of 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                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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 commencing on the day after registration

Carbon Credits (Carbon Farming Initiative) Rule 2015

1  Subsection 20AB(1)

Omit “subsections (2) to (6)”, substitute “subsections (1A) to (6)”.

2  After subsection 20AB(1)

Insert:

                  (1A) Specified tree planting is not an excluded offsets project if the application for a section 27 declaration in relation to the project includes the following:

                     (a)   a statement to the effect that the crediting period for the project should begin on or after 1 June 2024;

                    (b)  an undertaking that, if the project is declared as an eligible offsets project, the day the crediting period begins will not be varied to a day that is before 1 June 2024.

Schedule 2—Amendments commencing 1 June 2024

Carbon Credits (Carbon Farming Initiative) Rule 2015

1  Section 20AB

Repeal the section.