To receive ACCUs, you must provide the CER with an ‘offsets report.’
DISCLAIMER: This general information has been prepared by Landcare Australia (AR 1315198 of Australian Carbon Traders Pty Ltd AFSL 425512) for farmers and landholders who are eligible to be treated as wholesale clients. It does not take into account your objectives, needs or situation. ACCUs and derivatives are financial products. While we have outlined common benefits, risks and constraints here, we strongly recommend you seek independent financial and legal advice before acting on any decision to invest. Click here for further regulatory information.
This report details how you have adhered to the method and identifies the volume of carbon sequestered by your project during the reporting period. The first offset report is due within the first 5 years of the project life (but not earlier than 6 months). The first offset report is a significant deliverable as it requires the first submission of the bulk of your project information.
The minimum number of offset reports required to be submitted throughout the 25-year period is 5. However, if you wish to receive credits more frequently (e.g. to generate more cashflow) than you can report more often.
The information you are required to provide in offset reports includes:
- Net abatement amount and related carbon stock data
- Data on emissions from biomass burning and fuel use,
- Project area, forest management and forest cover information
- FullCAM files and output data.
All projects receive an audit schedule when the project is declared and must provide audit reports according to this schedule. In most cases, a minimum of 3 audits will be scheduled, and additional audits may be triggered.
An initial audit report must be submitted with the first report for your project. It is important to consider the future costs of reporting and auditing, as they will still be required in the latter years of your project when carbon storage rates (and ACCU issuance) are lower.