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The current Audit Thresholds Instrument 2015 will sunset and be repealed on 1 April 2025.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 closes: 5 February 2025

Documents 

Have your say

The consultation period is open from 22 January to 5 February 2025. Submissions are due by 5 pm AEDT 5 February 2025. Any submissions received after this date will be considered at our discretion. 

Read the consultation paper for more information about what feedback is sought on the draft Audit Thresholds Instrument.

You can make a submission online at the link below or by emailing StrategyCoordination@cer.gov.au. Use the consultation coversheet if submitting via email. 

Start your submission

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.

Contact 

StrategyCoordination@cer.gov.au