Carbon Credits (Carbon Farming Initiative) Act 2011

For the purposes of this Act, the 100‑year permanence period for an eligible offsets project is:

100 years; or

if, at the time when the declaration of the project as an eligible offsets project was made, a greater number of years was specified in the regulations or the legislative rules—that greater number of years.

However, if:

the regulations or the legislative rules specify a number of years that is less than 100 years; and

those regulations or legislative rules, as the case may be, are made after the time when the declaration of a project as an eligible offsets project was made;