As a matter of course, the Senior Leadership Team and Members of the Regulator will review the strategies and performance of the Clean Energy Regulator through the annual planning and reporting cycle, which includes external audit by the Australian National Audit Office. The internal audit program is aligned to the agency's strategic risks and statutory requirements. The internal audit program will also be informed by the requirements of external bodies such as the Australian National Audit Office and the Joint Committee of Public Accounts and Audit.

In addition, a number of independent reviews relevant to the work of the Clean Energy Regulator are specified in statute. The Climate Change Authority was established on 1 July 2012 to provide the Government with independent advice on the operations of the carbon pricing mechanism, emissions reduction(s) targets, caps and trajectories, and other climate change initiatives.

Renewable Energy Target

The Climate Change Authority will review and make recommendations on the Renewable Energy Target every two years, the first of which was conducted in the latter half of 2012.

Carbon pricing mechanism

The Climate Change Authority will review and make recommendations on the carbon price (excluding household assistance and the Jobs and Competitiveness Program) in the second half of 2016 with subsequent reviews in 2018 and then every five years.

National Greenhouse and Energy Reporting Scheme

The Climate Change Authority will review the operation of the National Greenhouse and Energy Reporting Scheme between 30 June 2016 and 31 December 2018 with subsequent reviews every five years after the completion of the first review.

Emissions reduction caps, trajectories and budgets

The Climate Change Authority will review and make recommendations on the level of carbon pollution caps and any national indicative national emissions trajectory and national carbon budget before the end of February 2014 with subsequent reviews in 2016 and then every twelve months.

Progress in achieving emissions reductions

The Climate Change Authority will review Australia's progress in achieving medium-term and long term emissions reduction targets and any national carbon budget before the end of February 2014 with subsequent reviews every twelve months.

Carbon Farming Initiative

The Climate Change Authority will review and make recommendations on the Carbon Farming Initiative in the second half of 2014 with subsequent reviews every three years.

The Productivity Commission has been assigned responsibilities to review other aspects of the Clean Energy Future package, including fuel excise arrangements, assistance under the Jobs and Competitiveness Program and the impact of the carbon pricing mechanism on a specific industry, if requested by Government.