ASIC updates its guidance on regulated emissions units (RG 236)

In the Corporations Act 2001 (cth) (Corporations Act),Australian Carbon Credit Units (ACCUs) and eligible international emissions units (EIEUs) are specifically defined as financial products.  This is in addition to other financial products such as derivatives or interests in managed investment schemes. Anyone dealing in or advising on ACCUs,  EIEUs, related derivatives or interests in managed …

Decarbonising objectives are driving reforms

Against the backdrop of a decarbonising global economy, Australia has seen significant developments across its carbon policies and plans in the last twelve months, particularly following COP28. Australia’s desire to dramatically reduce its carbon emissions by the end of this decade will, however, require more significant and broadscale efforts to achieve the target of net-zero …