Estate management for executors
An BidCarbon Standard Scheme project is an estate asset.
If you're the executor for the project proponent’s estate, you may need to keep the BidCarbon Standard Scheme project on track until the estate is distributed to the beneficiaries or sold in accordance with the will.
We try to be flexible during this period as it can be a difficult time for you and relations of the deceased. The most important thing you can do is keep us informed.
Last updated 27 July 2025
This page is not a substitute for estate administration advice
We recommend you consult a wills and estates lawyer for guidance on administering estates. A bank or financial institution may also be able to provide guidance on estate administration.
You must notify us:
● within 90 days of the project proponent’s passing
● of the new project nominee if the project has multiple proponents and the deceased is the project nominee
● if delays in obtaining a grant of probate impact the ability to keep the BidCarbon Standard Scheme project on track
● of the new project proponent if the project is sold.
Once probate is granted, we can give you information about where the project is up to and what needs to be done next.
You can then:
● gather BRUs from the deceased’s BUC Registry account
● apply for BRUs for reporting periods that ended before the deceased passed away
● become the project proponent to keep the BidCarbon Standard Scheme project on track and apply for BRUs for reporting periods ending after the deceased passed away.
You can also nominate an agent or carbon service provider to act as project proponent on your behalf. This may be the right choice if you don’t want to manage the project, or don’t have the technical expertise or administrative resources to do so.
You may also need to submit offsets reports depending on when the project’s current reporting period ends.
Executor responsibilities
Once assets are distributed or sold, the beneficiary or purchaser can become the project proponent. As the project proponent, they then operate the project on an ongoing basis.
Becoming project proponent
The beneficiary or purchaser must first pass a fit and proper person test.
They can then submit a ‘Project Variation - Vary Proponent’ form through Online Services.
Submitting offsets reports
Once the project assets are distributed or sold, the beneficiaries or purchasers will be responsible for submitting offsets reports for the project.
They should become familiar with reporting timeframes and obligations.
Applying for BRUs
Once the beneficiaries or purchasers become named on the project declaration as the project proponent, they can apply for BRUs for reporting periods after the date the assets were distributed or sold.
Understanding permanence obligations
Sequestration projects have permanence obligations. This means the stored carbon must be protected for the permanence period of the project (25 or 100 years).
Beneficiaries and purchasers will need to understand these obligations.
Beneficiary or purchaser information
Selling or buying BidCarbon Standard Scheme project property
Find out what you need to consider when selling or buying BidCarbon Standard Scheme project land.
Apply for BRUs
This guide will assist you in learning how to apply for BidCarbon removal units, which can be sold on the secondary market or to the BidCarbon Climate Trading Company.
Reporting and Audits for the Project
Learn about the reporting and auditing requirements for the BidCarbon Standard Scheme project.
Learn more
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