Before deciding whether to participate in an Emissions Reduction Fund auction, you should read and understand the
Documentasset::Guidelines for the tenth Emissions Reduction Fund auction, and the
documentasset::Code of Common Termsin the carbon abatement contract. You may wish to seek legal or other advice to determine whether you wish to participate. It is important to do this in advance of the auction as you will automatically enter into a carbon abatement contract with the Clean Energy Regulator on behalf of the Commonwealth of Australia if your bid is accepted.
Once you have decided to participate in an auction there are four key steps:
Tenth Emissions Reduction Fund auction
The Clean Energy Regulator will hold the tenth Emissions Reduction Fund auction on Wednesday 25 and Thursday 26 March 2020.
The the
Documentasset::Guidelines for the tenth Emissions Reduction Fund auction provides information on how it was conducted.
Timeline for the tenth auction
| Key events | Timeline | Date |
|---|
|
Project registration application deadline | 30 business days before the auction | Monday 10 February 2020 (midnight AEDT) |
Auction qualification application deadline*
| 25 business days before the auction | Monday 17 February 2020 (midnight AEDT)
|
|
Auction registration application deadline | Five business days before the auction | Tuesday 17 March 2020 (midnight AEDT)
|
| Closing time for declaration of eligible projects | Five business days before the auction | Tuesday 17 March 2020 (midnight AEDT) |
| Auction window | | Wednesday 25 March 2020 (9am AEDT)
Thursday 26 March 2020 (5pm AEDT) |
| Results released, authorised bidder notified and average price per tonne of abatement published | By the end of five business days after auction close | Thursday 2 April 2020 |
*New applicants to the scheme who are party to a trust or company may be subject to third party assessment and should submit their auction qualification prior to the deadline to maximise the time available if further information is required.