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CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 27A

Suspension of processing of applications for declarations of eligible offsets projects

Order

  (1)   The Emissions Reduction Assurance Committee may, by legislative instrument, order that, if:

  (a)   an application is made under section   22 during a specified period; and

  (b)   the application relates to an offsets project that is covered by a specified methodology determination;

the Regulator must not:

  (c)   consider the application during that period; or

  (d)   make a decision on the application during that period.

  (2)   A period specified in an order under subsection   (1):

  (a)   must start at the commencement of the order; and

  (b)   must not be longer than 12 months.

  (3)   The Emissions Reduction Assurance Committee must not make an order under subsection   (1) that relates to a methodology determination unless the Committee is satisfied that there is reasonable evidence that the methodology determination does not comply with one or more of the offsets integrity standards.

  (4)   Before making an order under subsection   (1), the Emissions Reduction Assurance Committee must inform the Minister of the Committee's proposal to make the order.

Compliance with order

  (5)   The Regulator must comply with an order under subsection   (1).

Timing of decision on application

  (6)   If an application made under section   22 is or was covered by an order under subsection   (1) of this section, subsection   27(14) does not apply to the application.

Note:   Subsection   27(14) deals with the timing of decisions on applications.



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