Commonwealth of Australia Explanatory Memoranda

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CARBON CREDITS (CARBON FARMING INITIATIVE) BILL 2011

                                               2010-2011



              THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA


                                  HOUSE OF REPRESENTATIVES


             CARBON CREDITS (CARBON FARMING INITIATIVE) BILL 2011



                     SUPPLEMENTARY EXPLANATORY MEMORANDUM


                       Amendments to be Moved on Behalf of the Government



ITEMS 1-11 LAND REGISTRATION OFFICIAL

Items 1 to 11 amend the obligation imposed on the Administrator to give a copy of a declaration of
an offsets project as an eligible offsets project (or a variation or revocation of such a declaration) to
the relevant land registration official. The items amend the obligation so that the Administrator is
only required to give a copy of the declaration to the land registration official if the declaration
relates to a sequestration offsets project. The amendments ensure that the Administrator will not be
required to give a copy of the declaration to the land registration official if it relates to an emissions
avoidance offsets project.

Copies of declarations in relation to sequestration offsets projects are required to be given to the
relevant land registration official so that the official can note the existence of the declaration on the
title. This will ensure that users of the land title registry are aware of the existence of the
declaration and the possibility that a carbon maintenance obligation may be imposed in relation to
the land. As carbon maintenance obligations only apply in relation to sequestration offsets projects,
it is not necessary that copies of declarations in relation to emissions avoidance offsets project be
given to the land registration official.

ITEM 12 TECHNICAL CORRECTION

Item 12 makes a minor technical correction to the note in clause 215(2) so that it refers to the
correct section of the National Greenhouse and Energy Reporting Act 2007.




        (Circulated by authority of the Minister for Climate Change and Energy Efficiency,
                                 the Honourable Greg Combet MP)