You may apply to the Clean Energy Regulator to vary the details of your Emissions Reduction Fund project. Applications must be submitted using the Client Portal on the Clean Energy Regulator website. To vary your project, you must lodge a project variation application form through the
Client Portal. Before lodging your application, you must be aware of the conditions of each type of variation. Consider if you require professional advice before varying your project.
If a project area has earned ACCUs and you intend to remove that area from a project, you will need to:
You must ensure that the net abatement generated from the additional land will not include abatement that has been credited to any other project. Check the
project register for any other project registered on the additional land.
If the method has been varied since your project was declared, you must transfer your project to the varied method first before you can add land to your project area. If the method has been revoked or is under suspension for new projects since your project was declared, you must transfer your project to another current and applicable method first before you can add land to your project area.
Changes to your project area will take effect at the beginning of the project’s next reporting period. This means you will only be able to claim ACCUs for the new area from the start of the next reporting period, not as part of the current reporting period.
If you would like to include the new area in the reporting process as soon as possible, you could consider shortening your current reporting period and starting a new reporting period early. To do this, you would include the new area and the original area in the abatement calculations for the new reporting period, and submit your project report within six months of the end of the shortened reporting period.
A project’s current reporting period starts 1 September 2015 and ends 2 March 2017.
If your project registration was subject to one or more conditions, you must provide evidence that you have met those conditions using the online form available in the Client Portal. Evidence you have met these conditions must be provided to the Clean Energy Regulator before the end of the first reporting period or your project will not be eligible to receive ACCUs.
You may change the participants for your project if new people come into the project, if you sell the property on which the project is operating, or if a participant dies. You must provide evidence to the Clean Energy Regulator that the person to whom you want to transfer the project or add to the project can:
Important factors to consider when varying participants:
If your project also operates under a carbon abatement contract with the Clean Energy Regulator, the project variation to change the participant will not automatically assign the obligations under a contract to the new participant.
If you wish to transfer the contract obligations to another participant, this must be agreed to by the Clean Energy Regulator. You will need to notify the Clean Energy Regulator in writing and provide a
novation deed that contains all the relevant details. This is a requirement in addition to submitting a variation through the Client Portal.
After 30 June 2015 (Emissions Reduction Fund projects)
You can vary your crediting period start date to:
If the method has been varied between the project declaration date and your new crediting period start date, your project will be automatically transferred to the varied method and you must ensure that your project is run in accordance with the requirements of that method.
If your chosen method no longer fits your activities, you may apply to have your method changed to a different but related method. The change will apply from the start of the current reporting period.
You cannot change a method to one that has been cancelled or revoked. If you are currently operating under a method that has been revoked you may continue to use that method, but can not register new projects or move projects into the revoked method.
If you have entered into a contract with the Australian Government to deliver ACCUs, you must ensure that the change in method does not impact on your ability to deliver as per your contract delivery schedule.
If a method is varied after your project is declared but before your crediting period start date, your project will automatically transfer to the varied method.
If your crediting period has commenced before the change to the method you can continue to operate your project under the original method. See the
method variation information pack for more information on method variations.
Participants can withdraw from participating in the Emissions Reduction Fund at any time. To do so, you will need to voluntarily revoke your registered project under sections 29 or 30 of the
Carbon Credits (Carbon Farming Initiative) Rule 2015.
By voluntarily revoking your project, your project will no longer be able to apply for or receive ACCUs and there is no recourse to reverse your decision. However, in some situations, parcels of land that are part of a withdrawn project may be eligible to be included in a new project.
If you have entered into a contract with the Australian Government to deliver ACCUs you must ensure that you are able to continue to meet your obligations.
To revoke your project, you need to apply via the
Client Portal using the
documentasset::Application for voluntary revocation of a registered project form.
Legislative information about withdrawing a project can be found in Part 3, Division 4 of the
Carbon Credits (Carbon Farming Initiative) Act 2011.
All ACCUs issued for sequestration projects must be returned (unless previously relinquished) to the Clean Energy Regulator if the:
If you have sold the ACCUs you must meet this relinquishment obligation by purchasing the same number and type of ACCUs and return them to the Clean Energy Regulator.
You will continue to have obligations under Emissions Reduction Fund until the process for revoking your project has been finalised, including relinquishment of any ACCUs.
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