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Major legislative dates and milestones

 

Major legislative dates and milestones The major legislative processes and deliverables of each scheme administered by the Clean Energy Regulator are detailed below. Unlike National Greenhouse and Energy Reporting, the carbon pricing mechanism and the Renewable Energy Target, the Carbon Farming Initiative does not operate to a legislated annual cycle. Clients may initiate each of the steps at any time they are ready to do so.

Similarly, clients may apply for an account in the Australian National Registry of Emissions Units (ANREU) on any date. However, an ANREU account is a prerequisite for actions which involve receiving and surrendering units and in this way, registration is linked with the annual cycle for the carbon pricing mechanism.

National Greenhouse and Energy Reporting

Year2012–132013–142014–15
Quarter one
(July–September)

1 July—Start of reporting year

31 August—Registration under the National Greenhouse and Energy Reporting (NGER) Act 2007 (for entities not subject to provisional surrender)

Quarter two
(October–December)

31 October—NGER reports due

Quarter three
(January–March)

28 February—NGER data published

Quarter four
(April–June)

1 May—Register to report under the NGER Act

30 June—End of reporting year

Carbon pricing mechanism

Year2012–132013–142014–15
Quarter one
(July –September)

1 July—Notification of reporting obligation transfer to another member of group

1 July—Notification of reporting obligation transfer to another member of group

1 July 2013—Opt-in scheme starts for Liquid fuel

1 July—Notification of reporting obligation transfer to another member of group

1 July—Jobs and Competitiveness Program (JCP) application period opens

31 August—Nominate operational control if required

1 September 2012—Buy-back of free units available

1 August—Energy Security Fund-Coal Fired Generators (ESG-CFG) power system reliability test report submission period closes

1 September—Issue ESF-CSG units

Quarter two
(October–December)

31 October—Report provisional emissions numbers and previous year emissions number

31 October—JCP application period closes

Quarter three
(January–March)

1 February—Purchase units to meet liability and surrender units to cover emissions number

1 February—Free carbon units issued in under the industry assistance program with a vintage year that is a fixed charge year ending the previous 30 June must be surrendered or sold back to the Clean Energy Regulator by this date

1 February + 5 business days—Pay unit shortfall charge if you have not surrendered enough units to cover your emissions. Late payment penalties start to accrue

2 February—Cancel unused free units

15 February—Publish total number of fixed charge units issued

1 March—Publish total of emission numbers total unit shortfall

Quarter four
(April–June)

1 April—15 June—Fixed charge unit issue period

1 April—ESF-CFG power system reliability test report submission period commences

1 April—Opt-in scheme applications are due

1 April—ESF-CFG power system reliability test report submission period commences

1 April—ESF-CFG power system reliability test report submission period commences

30 April—Nominate operational control for the first nine months of the financial year, if required

1 May—Register to report under the National Greenhouse and Energy Reporting Act 2007

By 15 June—Report interim emissions numbers, purchase carbon units to meet liability and surrender eligible units covering interim emissions number

By 15 June +5 business days—Pay unit shortfall charge

Carbon Farming Initiative

StepActivity
Step one

Apply to join the Carbon Farming Initiative (CFI)—Recognised Offsets Entity

Open a registry account

Step two

Apply for a project—Eligible Offsets Project

Step three

Undertake approved project

Step four

Submit offsets and audit reports

Step five

Apply for credits

Step six

Credits issued

Step seven

Project closure

Note: The steps above demonstrate the CFI project planning steps.

Renewable Energy Target

Year2012–132013–142014–15
Quarter one
(July–September)

28 July—Small-scale Technology Certificate (STC) 2nd quarter surrender period closes

29 July—STC 3rd quarter surrender period starts

30 September—Applications for the Waste Coal Mine Gas limit close

Quarter two
(October—December)

1 October—Publish list of Partial Exemption Certificates (PECs) issued

Liable entities can apply to have amount applied instead of previous years reduced acquisitions for quarters 1-3 for the previous year's generation

28 October—STC 3rd quarter surrender period closes

29 October—STC 4th quarter surrender period start

31 October—Estimated volume weighted average market price for Large-scale Generation Certificate (LGC) for following year published on web

31 December—Last day LGCs can be created

Quarter three
(January–March)

14 February—Solar hot water heaters and small generation units returns due

RET accredited power stations electricity generation return due

STC 4th quarter surrender period closes

Liable entities annual energy acquisition statement due

15 February—STC 1st quarter surrender period commences

30 March—PEC applications due

31 March—Small-scale Technology Percentage & Renewable Power Percentage must be published by this date

Quarter four
(April–June)

28 April—STC 1st quarter surrender period closes

29 April—STC 2nd quarter surrender period starts

30 June—Lodge PEC applications for second liable entity in current year

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