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Auction registration

20 December 2019

Pilot: Option to Deliver contracts for Emissions Reduction Fund auctions

An Option to Deliver contract will be offered on a pilot basis for the tenth Emissions Reduction Fund auction on 25 and 26 March 2020. This option gives sellers the right, but not the obligation, to sell Australian carbon credit units to the Australian Government at a set price within a set timeframe.

Documentasset: New auction guidelines are now available for those interested in bidding for an Option to Deliver contract at auction. A new auction qualification form and an associated Code of Common Terms for this contract option will be made available shortly.

The existing Documentasset: Code of Common Terms – version 3 and Documentasset: auction guidelines remain in force for fixed delivery contracts.

For more information, see participating in an auction.


Once you have qualified to participate in an auction, you may register your project for an auction. Auction registration is the next step in the auction and contract establishment process, and commits you to the delivery terms of the carbon abatement contract. The delivery terms provide information about the number of Kyoto Australian carbon credit units (ACCUs) you will deliver, and when you will deliver them.

Your auction registration application must be submitted through the client portal at least five business days before an auction.

During auction registration you will commit to:

  • a contract term from 1–10 years, depending on your project method.
    • The contract term can be up to 10 years if your project’s crediting period is more than 10 years, or up to 7 years for all other projects.
  • the total quantity of Kyoto ACCUs that you will deliver under the contract. This should be less than or equal to the indicative quantity you submitted auction qualification. If you need to increase the quantity you indicated during auction qualification you will be required to provide evidence to support the increase.
  • a delivery schedule, which outlines the dates and quantity of Kyoto ACCUs that are to be delivered.

The auction guidelines for each auction may place limits on the quantity you can deliver. You should familiarise yourself with these before proposing a delivery schedule.

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