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Carbon Credits (Carbon Farming Initiative) Rule 2015
101Record‑keeping requirements—preparation of offsets report
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#### 101 Record‑keeping requirements—preparation of offsets report
(1) For subsection 192(2) of the Act, this section sets out record‑keeping requirements that a project proponent for an eligible offsets project must comply with if the project proponent:
(a) makes a record of particular information; and
(b) uses the information to prepare an offsets report about the project.
(2) The project proponent must retain:
(a) the record; or
(b) a copy of the record;
for 7 years after the offsets report is given to the Regulator.
(3) If:
(a) under regulation 17.2 of the old CFI Regulations, the project proponent was required to retain a record, or a copy of a record, for 7 years after an offsets report was given to the Regulator; and
(b) on or before the commencement day, the 7‑year period has not ended;
the project proponent must retain the record or copy of the record for the remainder of the 7‑year period.