78Variance audits

#### 78 Variance audits (1) An eligible offsets project must be audited if: (a) the Regulator requests the audit in writing; and (b) the carbon dioxide equivalent net abatement amount for a reporting period for the project is outside the variance audit threshold for the project. (2) The audit must be about: (a) whether, in all material respects, the offsets report about the project for the reporting period has been prepared in accordance with section 76 of the Act; and (b) any other aspect of the project notified in writing by the Regulator. (3) The report of the audit must accompany the offsets report for the reporting period specified in the request. > Note: This would generally be the next offsets report following the request.