Joe Ludwig (Queensland, Australian Labor Party, Manager of Government Business in the Senate) Share this | Hansard source

Yes. That is the Australia/New Zealand ISO31000:2009 standard, which you described as the nitty-gritty of how they would then risk manage. As I described it earlier, the risks are assessed in accordance with that particular document. That would be the document that you would use to risk manage. In other words, it is the principles and guidelines.

In addition there are regional NRM plans. As part of the Clean Energy Future plan the government will provide $44 million over five years through the Regional Natural Resource Management Planning for Climate Change Fund. The NRM organisations will develop plans in each region to guide where carbon farming projects should be located in the landscape. These can be used by landholders to identify and develop activities to reduce carbon pollution. The fund will also support research and analysis to develop scenarios on regional climate change impacts, which can be used for NRM and land-use planning, because the government recognises that NRM plans are a vehicle for local communities to have a say about the types and locations of abatement projects in their region. It is a requirement of the CFI legislation that CFI proponents take account of regional NRM plans in the development of their projects and report any inconsis­tencies, so it also contains a feedback loop within it.