This consultation is now closed
We will publish the outcomes on this page.
We’re seeking your views on the draft Carbon Credits (Carbon Farming Initiative) (Audit Thresholds) Instrument 2025.
The draft instrument was developed based on feedback from an initial Audit Thresholds Instrument consultation in late 2024. Submissions overwhelmingly supported the inclusion of alternative assurance arrangements for low-risk projects under the Carbon Credits (Carbon Farming Initiative) (Reforestation by Environmental or Mallee Plantings–FullCAM) Methodology Determination 2024.
No other changes to audit requirements have been incorporated into the draft instrument. This means that under the draft instrument, existing and future projects will be subject to the same audit requirements as those in the Audit Thresholds Instrument 2015.
Background
The Audit Thresholds Instrument is used to set the audit schedule for Australian Carbon Credit Unit (ACCU) 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The current Audit Thresholds Instrument 2015 will sunset and be repealed on 1 April 2025.
Timeline
- Consultation opened: 22 January 2025
- Consultation closed: 5 February 2025
Next steps
We will review all submissions and use them to inform the final version of the new Audit Thresholds Instrument 2025.
We will publish the results of this consultation.