Carbon Credits (Carbon Farming Initiative—Industrial and Commercial Emissions Reduction) Methodology Determination 2021
42Updated statements of activity intent about implementations in current projects
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42 Updated statements of activity intent about implementations in current projects
An updated statement of activity intent for an implementation that is included in a project is a statement, signed by the responsible financial officer, or by an individual holding a relevant delegation from that officer, for the person with operational control over the site of the implementation, that any specified implementation activity included in the implementation would not likely have been undertaken at the site during the crediting period for the project in the absence of the implementation being included in the project.
Note 1: No statements of activity intent will have been signed and provided to the Regulator in relation to activities completed as part of a transferring IEFE project in a reporting period that ended before the transfer date.
However, if a transferring IEFE project completes implementations or implementation activities after the transfer date that were not identified in the section 22 application for the project, then the abatement from those implementations or implementation activities cannot be claimed unless updated statements of activity intent are provided for such implementations or implementation activities to the Regulator together with the offsets report relating to the reporting periods in which the implementations or implementation activities are completed—see section 41.
Note 2: No statements of activity intent will have been signed and included in the section 22 application made in relation to a restarting ICER project.
If a restarting ICER project completes implementations or implementation activities that were not identified in the section 22 application for the project, then the abatement from those implementations or implementation activities cannot be claimed unless updated statements of activity intent are provided for such implementations or implementation activities to the Regulator together with the offsets report relating to the reporting periods in which the implementations or implementation activities are completed—see section 41