Commonwealth Consolidated Acts

CARBON CREDITS (CARBON FARMING INITIATIVE) ACT 2011 - SECT 54

    For the purposes of this Act, a project is a sequestration offsets project if it is a project:

  (a)   to remove carbon dioxide from the atmosphere by sequestering carbon in one or more of the following:

  (i)   living biomass;

  (ii)   dead organic matter;

  (iii)   soil; or

  (b)   to remove carbon dioxide from the atmosphere by sequestering carbon in, and to avoid emissions of greenhouses gases from, one or more of the following:

  (i)   living biomass;

  (ii)   dead organic matter;

  (iii)   soil.