Safeguard Mechanism baseline decline 4.9% pa
Australia's 215 largest emitters face declining baselines under Safeguard Mechanism reform.
criticalcurrentannual
Who must comply
Facilities >100,000 tonnes CO2-e scope 1 emissions pa (215 facilities).
What triggers it
Threshold exceedance + emissions year close.
When due
Per emissions year + 31 October reporting + SMC surrender.
Evidence required
Annual NGER report + SMC ledger + reduction strategies.
Max penalty
—
Effective from
1 July 2023
Summary
Safeguard Mechanism Crediting Amendment Act 2023 + Safeguard Rules in force 1 July 2023. Baselines decline 4.9% pa to FY30, then aligned to economy-wide 2050 net zero. SMCs traded.
Enforced by
Source legislation
Topics
climateenergyesg
Source: https://cer.gov.au/schemes/safeguard-mechanism. Rules Mate is not a law firm. Always verify against the live regulator source before acting.