The new Carbon Credits (Carbon Farming Initiative) (Audit Thresholds) Instrument 2025 was registered on 19 March 2025 and is now in effect. This Instrument replaces the Carbon Credits (Carbon Farming Initiative) (Audit Thresholds) Instrument 2015, which has been repealed.
The Audit Thresholds Instrument is used to set the audit schedule for Australian Carbon Credit Unit Scheme projects. It prescribes thresholds for different types of audits, including scheduled audits and triggered audits. It also sets requirements for alternative assurance projects that may be eligible for a reduced number of audits.
The 2025 Instrument includes a new class of alternative assurance projects, referred to as low-risk environmental plantings 2024 projects under the Carbon Credits (Carbon Farming Initiative) (Environmental and Mallee Plantings–FullCAM) Methodology Determination 2024. We will release the application form for this new class of projects under the reforestation by environmental or mallee plantings FullCAM method 2024 early next week.
No other changes to audit requirements have been made under the 2025 Instrument.
The new Instrument was informed by 2 public consultations held since late 2024. You can now view the outcomes from the latest consultation.