The Government has agreed that a third pilot window for the fixed delivery exit arrangement will now open. Exit applications can now be made for Australian Carbon Credit Unit (ACCU) milestone deliveries scheduled from 1 January 2023 to 30 June 2023.
This window continues the pilot of the exit arrangements. The Government will consult on its future use as part of its forthcoming consultation on the role and nature of ACCU purchasing in the context of implementing the recommendations of the Independent Review of ACCUs.
Contract holders wanting to use the third exit window may request that delivery milestones that fall within the second pilot window be extended until 31 August 2023. This provides flexibility so contract holders can liaise with landholders and other interested parties. Applications to participate in the exit arrangement will close at 11.59pm on 17 August 2023 to allow time for the Clean Energy Regulator to process applications before the end of the window.
Contract holders will need to be in compliance with their delivery obligations to participate in the exit arrangement. They may also need to enter into a benefit sharing arrangement so that other parties interested in the contract can share in the gains from selling the ACCUs to the private market.
