Participants in the resources sector are bound to have an ever-increasing focus on ACCUs. This “back to basics” session addressed:
- The ACCU Scheme including what is an ACCU, key characteristics and how ACCUs are generated.
- Markets for ACCUs, what are they used for and how they are traded.
- Carbon offset projects under the Carbon Credits (Carbon Farming Initiative) Act:
- Key requirements to establish and maintain a carbon offsets project.
- How this relates to the timing and costs associated with the generation of ACCUs.
- Division 420 and the tax treatment of ACCUs.