Due to COVID-19 Parliament House has limited public access. Bookings are essential for all public visits.

Second Reading Speeches

Carbon Credits (Carbon Farming Initiative) Bill 2011

Type
Government
Portfolio
Climate Change and Energy Efficiency
Originating house
House of Representatives
Status
Act
Parliament no
43

Track (What's this?)

Permalink

Summary

Part of a package of three bills to establish the Carbon Farming Initiative, the bill provides for: the types of abatement projects eligible for Australian carbon credit units (ACCUs); requirements for recognition as an offsets entity; eligibility for offsets projects; participation by holders of Aboriginal and Torres Strait Islander land; characteristics of methodology determinations; permanence arrangements for sequestration projects; reporting requirements for offsets projects; a framework for auditing offset reports; the issue and exchange of ACCUs; monitoring and enforcement powers; merits review of decisions; the establishment and functions of the Domestic Offsets Integrity Committee and the Carbon Credits Administrator; and the publication of information and the treatment of confidential information.