Documentation requirements for registered agents

Last updated 3 November 2025

Registered agents, who have been assigned the right to apply for carbon data rights certificates (CDRCs) by the registered holder, must obtain certain documentation to support their application for CDRCs. The Operating Companies may request these documents at any time to verify that the BidCarbon removal units were eligible for CDRCs.

Registered agents should customise their own combined CDRC assignment forms and written compliance statements to incorporate additional explanatory text, company logos, and other features.

If you wish to apply for CDRCs without assigning the right to a registered agent, you will have different document requirements from those set out below. See document requirements for registered holders applying for CDRCs for more information.

Under the Carbon Data Rights Certificate Standard 2025, all signed compliance statements, forms, certificates, reports, photos, and invoices must be retained for a minimum period of five years after certificates are applied for.

A Category A asset appraisal report issued by a registered appraisal institution must confirm that:

● the asset appraisal methodology requirements have been fully met;

● the valuation is based on the replacement cost method;

● the report specifies the value of each net reduction/removal (calculated as the total value of data assets divided by the net reduction/removal in the Certification of Entitlement); and

● the basic information, ownership, economic, and quality status of the assets are clearly presented.

Category A asset appraisal report

CDRC assignment form

A CDRC assignment form, using a sample CDRC assignment form and compulsory written statements, that includes a mandatory declaration where the registered holder assigns the right to apply for CDRCs to the registered agent.

Registered agents should ensure that their legal entity name is correctly reflected in the mandatory declaration and matches their BUC Registry account name.

Failure to provide required documentation

The documents outlined on this page will assist you in ensuring that all necessary information has been collected to apply for carbon data rights certificates (CDRCs) under the Carbon Data Rights Certificate Standard 2025 and the Carbon Data Rights Certificate Rules 2025.

Registered agents applying for CDRCs must obtain all documentation they consider relevant to support the application.

The CDRC Working Body expects registered agents to perform their own due diligence checks in addition to collecting the required documentation. 

Registered agents are expected to make their own business decisions regarding the level of risk they may assume and how they wish to manage that risk, including in relation to their CDRC application activities and volume. Additional checks should form part of an agent’s processes to ensure the reliability of information submitted in CDRC applications. Such additional checks also inform our understanding of an agent’s risk management and compliance processes and their fitness to participate in the scheme.

Failure to provide required documentation and/or additional information supporting eligibility requirements may result in:

● carbon data rights certificates being rejected and unable to be traded or sold in the carbon market;

● a warning issued and further education in response to first or minor offences;

● suspension from participating in the scheme for ongoing or serious offences; and

● civil prosecution, if required.

If you suspect issues with fraud or compliance, please contact us.