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Carbon Credits (Carbon Farming Initiative) Bill 2011

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7118

2010-2011

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Carbon Credits (Carbon Farming Initiative) Bill 2011

 

(1)     Clause 41, page 60 (line 3), after “Act”, insert “and subject to subsection (1A)”.

[additionality test]

(2)     Clause 41, page 60 (after line 7), after subclause (1), insert:

          (1A)  Notwithstanding subsection (1), if a project is determined by the Minister, on the advice of the Domestic Offsets Integrity Committee, to have a beneficial impact on:

                     (a)  the availability of water; or

                     (b)  land and resource access for agricultural production;

the project is deemed to pass the additionality test.

          (1B)  A determination under subsection (1A) is a disallowable instrument for the purposes of the Legislative Instruments Act 2003 .

[additionality test]

(3)     Clause 56, page 81 (line 19), after “Act”, insert “and subject to subsection (1A)”.

[excluded offsets projects]

(4)     Clause 56, page 81 (after line 21), after subclause (1), insert:

          (1A)  Notwithstanding subsection (1), if a project:

                     (a)  was established as, or as part of, a managed investment scheme; or

                     (b)  is determined by the Minister, on the advice of the Domestic Offsets Integrity Committee, to have an adverse impact on:

                              (i)  the availability of water; or

                             (ii)  land and resource access for agricultural production;

the project is deemed to be an excluded offsets project.

          (1B)  A determination under paragraph (1A)(b) is a disallowable instrument for the purposes of the Legislative Instruments Act 2003 .

          (1C)  In this section:

managed investment scheme has the same meaning as in section 9 of the Corporations Act 2001 .

[excluded offsets projects]

(5)     Clause 56, page 81 (line 25), omit “significant”.

[risk level]

(6)     Clause 56, page 81 (line 26), omit “a significant”, substitute “an”.

[risk level]

(7)     Clause 56, page 81 (line 28), omit paragraph (2)(a).

[excluded offsets projects]

(8)     Clause 76, page 101 (line 11), omit “5 years”, substitute “3 years”.

[offsets reporting period]

(9)     Clause 76, page 101 (line 24), omit “5 years”, substitute “3 years”.

[offsets reporting period]

(10)   Clause 130, page 160 (after line 5), at the end of the clause, add:

             (7)  Within 14 days of:

                     (a)  giving a copy of an approval under subsection (4); or

                     (b)  giving written notice of a refusal under subsection (5);

the Administrator must publish on the Administrator’s website his or her reasons for the approval or refusal, as the case may be.

[reasons to be published on website]

(11)   Clause 255, page 271 (after line 16), after paragraph (c), insert:

                    (ca)  to monitor scientific research relevant to the issue of permanence and to adjust permanence obligations under this Act to reflect scientific research and best evidence in relation to permanence;

[functions of committee - permanence]

(12)   Clause 306, page 303 (after line 6), after subclause (1), insert:

          (1A)  Any review under subsection (1) must be conducted by the Commonwealth Scientific and Industrial Research Organisation in conjunction with the Productivity Commission.

          (1B)  The Minister must ensure that the Commonwealth Scientific and Industrial Research Organisation and the Productivity Commission are provided with sufficient additional resources to conduct any such review.

[CSIRO and Productivity Commission to conduct reviews]

(13)   Clause 306, page 303 (lines 17 and 18), omit subclause (5) (but not the heading), substitute:

             (5)  The report of the first review under subsection (1) must be tabled under subsection (4):

                     (a)  within 12 months after the passage through the Parliament of any legislation about or related to the introduction of a price on carbon; or

                     (b)  before the end of 31 December 2014;

whichever first occurs.

[first review]