Carbon Pricing (Measurement, Reporting and Verification) Regulations 2018.

These Regulations are enacted in accordance with the Carbon Pricing Act 2018.
The Regulations outline requirements related to the verification of greenhouse gas (GHG) emissions reports under the Carbon Pricing Act 2018. It emphasizes the importance of a verification plan developed by a verification team to minimize verification risks. This plan must include a verification program, data sampling methods, and an assessment of risks, along with scheduled meetings and site visits. The verification activities must be continually updated based on findings during the engagement. Registered persons are required to maintain accurate records of monitoring plans and emissions reports for at least five years. They must ensure that measurement systems and equipment are in good working order and available for inspection. Emissions reports must be submitted by June 30 of the year following the reporting period and must include detailed activity data, GHG emissions computations, and supporting documents. For taxable facilities, reports must adhere to approved monitoring plans and specify the methods used for emissions computation. The verification process involves assessing compliance with the approved monitoring plan and addressing any prior identified issues. Finally, registered persons must submit both the emissions report and the verification report to the Agency, ensuring transparency and accountability in emissions reporting and verification processes.