Carbon Credits (Carbon Farming Initiative) Amendment (Soil Carbon Projects) Rule 2021 (Cth)

Carbon Credits (Carbon Farming Initiative) Amendment (Soil Carbon Projects) Rule 2021

I, Angus Taylor, Minister for Industry, Energy and Emissions Reduction, make the following instrument.

Dated: 1 December 2021

Angus Taylor

Minister for Industry, Energy and Emissions Reduction

Contents

1. 1

   Name........................................................................................................................................ 3

2. 2

   Commencement....................................................................................................................... 3

3. 3

   Authority.................................................................................................................................. 3

4. 4

   Schedules................................................................................................................................. 3

Schedule 1—Amendments4

Carbon Credits (Carbon Farming Initiative) Rule 20154

1

Name

This is the Carbon Credits (Carbon Farming Initiative) Amendment (Soil Carbon Projects) Rule 2021.

2Commencement

1. (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.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1. The whole of this instrument	On the day after the instrument is registered.

Note: This table relates only to the provisions of this instrument as originally made.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.

1. (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.

3Authority

This instrument is made under section 308 of the Carbon Credits (Carbon Farming Initiative) Act 2011.

4Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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]After Section 68

Insert:

68A Minimum number of months applicable to offsets reports for transitioning soil carbon projects

The minimum number of months applicable to an offsets report (a transitional offsets report) about a soil carbon project is 1 month if:

1. (a)

   the Carbon Credits (Carbon Farming Initiative—Measurement of Soil Carbon Sequestration in Agricultural Systems) Methodology Determination 2018 was the applicable methodology determination for the project for the reporting period immediately before the reporting period for the transitional offsets report; and

2. (b)

   the transitional offsets report is for the first reporting period for which the Carbon Credits (Carbon Farming Initiative—Estimation of Soil Organic Carbon Sequestration using Measurement and Models) Methodology Determination 2021