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Your summary and graph are prepared!
Based on the information you entered, we've prepared an indicative timeline, and this calculation summary.
Overview
Your project is forecast to start [date] and end [date].
Note that the project is forecast to start after a 90 day project assessment period.
Your contract term is forecast to start [date] and end [date].
The contract term is forecast to start after a decision period of five business days to assess all auction bids.
Your contract delivery term is the full term of your contract.
Conditions precedent
You have not nominated a conditions precedent expiry date.
You can nominate a date by when the conditions precedent will be fulfilled or waived and the delivery obligations under your contract will start.
The conditions precedent expiry date can be up to 18 months from the contract term start date (five business days after the auction date) to allow additional time to obtain required approvals and consents.
More information on the conditions precedent is available on Understanding contracts.
You have nominated a conditions precedent that expires
on [date]. Your contract delivery period is forecast to start from this date.
ACCU issuances
Based on the information you entered, you may be eligible for the following Australian carbon credit unit (ACCU) issuances for your project:
[num] issuance(s) of ACCUs before or during your contract term. These ACCUs can be put towards your contract deliveries.
These issuances make up [percentage]% of your total issuances.
[num] issuance(s) of ACCUs near the end of your contract (within the last 2 months of your contract delivery term) may be delivered under your current contract depending on reporting
and assessment timeframes.
These issuances make up [percentage]% of your total issuances.
[num] issuance(s) of ACCUs after your contract term. These ACCUs cannot be delivered under your current contract.
These issuances make up [percentage]% of your total issuances.
ACCU delivery milestones
Based on the calculated ACCU issuances, there [is/are] [num] possible contract delivery
[milestone(s)].
Warning!
You have [num] ACCU issuances that occur near the end or after your contract delivery term ends.
Market damages may apply if you do not deliver all ACCUs committed under your contract.
Conditional declaration
Your project must be fully declared before you can apply for ACCUs.
Submitting your project report and applying for ACCUs.
You have indicated that your project is conditionally declared.
You will need to fulfil all conditions and have your project declared fully and registered before the end of the first reporting period, and before applying for ACCUs.
If your project is still registered as a conditional project at the end of the first reporting period, you must still submit a project report. If you don’t, you will be in breach of your reporting obligations and subject to civil
penalties.
Any ACCUs that a conditionally registered project is entitled to will be only be issued once the project is declared fully registered.
If you are having difficulty meeting your reporting obligations, fulfilling conditions, or you feel your project is running behind schedule, you should contact the Clean Energy Regulator as soon as possible to discuss your options.
Assumptions
These timeframes are calculated based on allowing [num] [month(s)] for you to prepare and submit your project
report and application for ACCUs, and 90 days for the Clean Energy Regulator to assess your report and issue the ACCUs to your Australian National Registry of Emissions Units (ANREU) account.
Time periods shown are indicative. You need to consider the type of project and length of reporting period specific to your circumstances.
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