Introduction
The newly created Department of Industry, Innovation, Climate
Change, Science, Research and Tertiary Education
(Department) has recently proposed additional
legislative reforms to the Carbon Farming Initiative
(CFI) and has released an exposure draft of the
Carbon Credits (Carbon Farming Initiative) Amendment Regulation
2013 (No. B): Technical Amendments (Draft
Regulation).
This legal update provides a brief summary of the main changes
proposed by the Draft Regulation.
For an overview of the CFI, please refer to our previous legal
updates which can be found
here and the Carbon Market Institute (CMI)
publication "Implementing
the Carbon Farming Initiative: A Guide for Business," co
authored by Norton Rose Australia and RAMP Carbon. We note that an
updated version of the CMI Guide will be released shortly.
