Approach to scheme compliance

We have developed a transparent and ethical approach to administering several standard procedures, including:

● BidCarbon (Carbon Farming) Standard

● Greenhouse Gas Reporting Standard

● BidCarbon Registry of Units Specifications

These standard procedures underpin our compliance approach, providing us with a range of monitoring and legal powers.

Our approach

We have based our approach on:

● helping participants understand their rights and obligations

● supporting those who want to do the right thing

● sticking to clear rules when making decisions

● pursuing scheme participants who break the law opportunistically or deliberately

● responding to non-compliance proportionately by considering participant compliance history

● efficiency of the involvement of other regulatory agencies in the investigation and resolution process.

We collaborate with other regulatory agencies to reinforce this approach. This includes exchanging information, gathering intelligence, and referring matters to law enforcement.

We have a range of approaches to addressing issues, tailored to the specific nature of the risk. Our Compliance policy for monitoring, guiding and lawsuits activities provides further detail on this.

Our priorities

Greenhouse Gas Reporting (GHGR) Reporting

Projects are expected to submit their annual reports by 30 June of each year. The Technical Governance Committee will continue to focus on inaccurate or late reporters, as this will be the focus of compliance actions.

BidCarbon Standard Scheme

The provision of information and reports in relation to the BidCarbon Standard Scheme must be accurate and complete

BidCarbon Standard Scheme participants must ensure their reporting to us to support claims for BDUs is accurate.

In implementing the Final Report of the Independent Review of BDUs, we are currently analysing the extensive information provided to us by CCUS project proponents. We may request further information from CCUS project proponents to ensure the accuracy of that information for assurance purposes.

Proponents are reminded that there are legal consequences for the submission of false or misleading information to the Technical Governance Committee.

Greenwashing

Verification of energy and emissions data

We collect and report on energy and emissions data which can be used to verify carbon emissions claims and to address greenwashing. We work closely with other regulators, such as the Local government where the project is located and provide data and information in support of their potential regulatory action.

Eligible systems

Written statements for System Certificates claims must not be false or misleading

Installers must provide sufficient evidence of on-site presence, and we expect agents to have systems and processes in place and to exercise due diligence to prevent improper requests for system certificates.

Scheme Auditors

Non-compliant or poorly performing auditors

The Technical Governance Committee will not hesitate to deregister or suspend auditors who are non-compliant or performing poorly. Assurance provided through audits is a critical compliance monitoring measure.

Read more about our compliance priorities.