The amendment is in response to concerns raised by industry stakeholders, who have highlighted that some businesses obliged to report under the NGER Act from this financial year will have to amend their reporting arrangements, at some cost, prior to the commencement of the Carbon Pollution Reduction Scheme in July 2011.
In order to provide greater flexibility for industry in setting up their reporting arrangements, a 'Reporting Transfer Certificate' concept has been introduced.
"This concept enables the voluntary transfer of reporting obligations of a facility specified under the NGER Act from a controlling corporation, where one member of its group has operational control of a facility, to a member of a different corporate group that has financial control of that facility," said the Minister for Climate Change Penny Wong.
