18ATransition from earlier version of this determination

18A Transition from earlier version of this determination

Note: Under the previous version of this determination, all herds in a project had the same assessment day, and the first assessment year began with the crediting period. A project proponent who transitions from the previous version of the determination to this version before having submitted an offsets report under the previous version will be able to:

(a) set different assessment days for each herd; and

(b) subject to section 69 of the Act, re-set the start time for the crediting period to a date when all the herds have had a first muster, so that each herd will be able to generate seven years of credits. (Section 69, in certain circumstances, allows a project proponent to vary the start time previously set for a crediting period to another time up to 18 months after the declaration of the project.)

(1) This section applies to a project if:

(a) after the transition date, this determination as it stood before the transition date applied to a project in accordance with subsection 126(2) of the Act; and

(b) the project proponent, under section 128 of the Act:

(i) requested the Regulator to approve, under section 130 of the Act, the application to the project of this determination as it now stands; and
(ii) with the request, provided, for each pre-transition herd of the project, any information required under section 8 as it now stands that was not provided with the original section 22 application; and

(c) the Regulator has approved the application.

(2) The information is taken to have been provided in the original section 22 application.

Note: This provision ensures that, eg, definitions that refer to information provided in the section 22 application operate correctly.

(3) Each pre-transition herd of the project is taken to satisfy subsections 9(1) and 9(3) as a full data herd.

(4) In this section:

pre-transition herd, in relation to a project to which subsection (1) applies, means a herd that was part of the project at the time of the request to the Regulator under section 130 (ie, it was not added to the project at the time of transition as a result of a concurrent application).

transition date means the date on which the Carbon Credits (Carbon Farming Initiative—Beef Cattle Herd Management) Methodology Variation 2017 commenced.

Part 4—Net abatement amount

Division 1—The net abatement amount

19 Method for calculating the net abatement amount

(1) For paragraph 106(1)(c) of the Act, this Part specifies the method for working out the carbon dioxide equivalent net abatement amount for a reporting period for a herd management project that is an eligible offsets project.