28Requirements for projects with transferring project areas

28    Requirements for projects with transferring project areas

Projects that have a transferring project area

1.       If one or more project areas of a savanna sequestration project are transferring project areas, for each such project area, the following must be consecutive years:
2.     the final calendar year for which the project area was reported on under the former determination for the project area;
3.     the first calendar year for which the project area was reported on under this instrument.

Restarting transferring projects

1.      A restarting transferring project must be declared eligible in accordance with the process set out in the CFI Rules.

Note:  See sections 30A and 30B of the Carbon Credits (Carbon Farming Initiative) Rule 2015.

Project areas

1.       If:
2.     at the time a relevant decision on a transferring project area is made, the transferring project area includes a weed-affected area; and
3.     the relevant application indicates that the weed-affected area will be removed by the end of the reporting period for the former project in which it became a weed-affected area and before the transfer occurs;

the weed-affected area may be disregarded.

1.     In this section:

relevant application means a section 22 application, a section 29 application or a section 128 application.

relevant decision on a transferring project area means a decision on a relevant application that would result in a transferring project area becoming a project area, or part of a project area, of a project covered by this instrument.