Commonwealth Consolidated Acts Commonwealth Consolidated Acts• Generally, the crediting period for an eligible offsets project is:
(a) 25 years for a sequestration offsets project; or
(b) 7 years for an emissions avoidance offsets project.
• However, the applicable methodology determination for the project may specify a different crediting period.
• An eligible offsets project cannot have more than one crediting period.
• However, transitional rules apply if a project was an eligible offsets project immediately before the commencement of this Part.
Note: Under section 15, the general rule is that the Regulator may only issue a certificate of entitlement to Australian carbon credit units in relation to a reporting period for an eligible offsets project if the reporting period is included in a crediting period for the project.