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Contract duration

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12 October 2017

You can choose the time you would like to take to deliver your Kyoto Australian carbon credit units (ACCUs). This is referred to as the contract term.

There are three options for contract terms:

  • Standard
  • Short-term
  • Immediate delivery

You choose your contract duration at auction registration, which cannot be altered once set.

Standard contract

The most common standard contract length is seven years. Contracts associated with projects that have a crediting period of 10 years or more can apply for a standard contract length of 10 years.

Short-term contract

A short-term contract requires multiple Kyoto ACCU deliveries within a period of less than seven years. Contracts associated with projects that have a crediting period of 10 years or more can apply for a short-term contract of less than 10 years.

A project can have a maximum of three short-term contracts associated with it throughout the project’s crediting period.

Immediate delivery contract

You can bid at an auction for an immediate delivery contract where the nominated Kyoto ACCUs will be delivered within 10 days of the auction. You can only bid for an immediate delivery contract if you have the required number of Kyoto ACCUs in your Australian national register of emissions units account.

You can have a maximum of 10 immediate delivery contracts per project over the project’s crediting period.

The minimum volume for immediate delivery contracts is at least 10 per cent of the forward abatement estimate for the project supplying the Kyoto ACCUs or 15 000 Kyoto ACCUs (whichever is lower).

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