1. Page 1 Carbon pricing mechanism Progressive surrender period Workshop #1 – Reporting and Preparing for Acquittal February 2013

2. Page 2 Disclaimer The presentation provides general information only. It has been developed by the Clean Energy Regulator to help persons understand their responsibilities under the law. Persons should refer to the Clean Energy Act 2011 (Clean Energy Act), the National Greenhouse and Energy Reporting Act 2007 (NGER Act), and their supporting Regulations, in their current form at the time of reading. Changes to the legislation may affect the information in this presentation. Ultimately, liable entities are responsible for determining their liabilities and obligations under the law, and for applying the law to their individual circumstances. This presentation is not intended to provide legal advice and is not a substitute for independent professional advice. Edit footer or source

3. Page 3 Progressive surrender period Workshop series 1: Reporting and preparing for liability acquittal (today) 2: Acquitting your liability (March 2013) 3: Training in EERS & ANREU (April 2013)

4. Page 4 Workshop #1 Today’s agenda 1.Liability, registration, reporting1.5 hours Q & A15 mins 2. Acquitting liability and shortfall20 mins 3. Liquid fuel opt-in scheme - Optional session20 mins Q & A15 mins

5. Page 5 2012-13 Financial Year Key Dates First compliance year started on 1 July 2012 Two surrender periods for 2012-13 financial year: progressive surrender: 1 July 2012 - 15 June 2013 final surrender: publication date to 1 Feb 2014 15 June is 17 June 2013, 1 Feb is 3 Feb 2014 (midnight AEST) 17 June and 3 Feb are deadlines to acquit liability 1 April is not the start date progressive surrender period has already started purchase additional carbon units from April 2013

6. Page 6 Edit footer or source Register byReport bySurrender units by (midnight AEST) Entities with an IEN (progressive obligation) 1 May 2013Early May 2013 (75% of PEN) 17 June 2013 All liable entities (final surrender obligation) 31 August 2013 (if not already) 31 October 2013 (full PEN) 3 February 2014 2012-13 Financial Year Key Dates

7. Page 7 Scenario for Successful acquittal.