ou need to report on your project to the Clean Energy Regulator and may report as frequently as every six months where allowed for in the legislative rules made under the Act. Audits are required where indicated in your project’s audit schedule, which the Clean Energy Regulator will provide following registration of your project.
For emissions avoidance projects, the first report must be made between six months to two years from the date the project was registered and then up to every two years thereafter.
Part 5 Division 1 of the method lists the information that must be included in your project reports. Applications for ACCUs can be made at the same time as you submit your project reports using the Certificate of entitlement including offsets report form. Full reporting, record keeping and monitoring requirements are set out in regulations and rules made under the Act. You should familiarise yourself with these requirements.
The Clean Energy Regulator will not issue ACCUs automatically on receipt of a project report.
Emissions Reduction Fund projects are able to generate credits throughout their crediting period. Crediting periods for each type of project are set out in Part 5 of the Act. The crediting period for a Wastewater project is seven years.
The role of audit
Audits assess whether a project complies with the project registration, the relevant method and legislative requirements. Audit reports must be prepared by a registered Category 2 greenhouse and energy auditor.
The Clean Energy Regulator recommends you engage your auditor early when developing your project to ensure the project is auditable and to assist the auditor to plan activities throughout the reporting and post-reporting periods. The costs of any audit are your responsibility or the responsibility of your organisation. You must make available to the auditor all necessary documents and information, including data records, receipts and other supporting documentation, and calculation spread sheets. For more information about auditing your project see Want to participate in the Emissions Reduction Fund - Auditing.