Publication
Building long-term integrity in the voluntary carbon market
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
Global | Publication | December 2017
All foreign persons (including foreign government investors) are required by 30 November 2017 to register their Australian registrable water entitlements and contractual water rights (water entitlements) on the new Water Register regardless of value and the industry sector the water entitlement is used for.
From 1 December 2017 all foreign persons must then update their information on the Water Register no later than 30 July each year.
The Water Register is part of the Australian Commonwealth Government’s measures to provide a transparent picture of foreign investment in Australian water entitlements and give the Australian community greater confidence in the foreign investment regime.
Registrable water entitlements and contractual water rights need to be registered on the Water Register.
A registerable water entitlement is:
A contractual water right is a contractual right that a person holds in respect of another person’s registerable water entitlement.
Stock and domestic rights, riparian rights and annual water allocations therefore do not need to be registered on the Water Register.
Registration of water entitlements are made online. There is no charge to register.
Publication
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
Publication
On 16 April 2024, the Hon Tanya Plibersek MP, the Minister for the Environment and Water (the Minister) announced progress on the package of reforms to the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act).
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023