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Safeguard mechanism

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Status: Answered, finished
Asked by: Senator the Hon Sarah Henderson
Portfolio: Climate Change, Energy, the Environment and Water
Agency: Clean Energy Regulator
Round: 2026-27 Budget estimates
Question No: SQ26-000746
Asked: 14 June 2026
Answer due: 16 July 2026

Question

1. Per each year since the reformed SM, how many SMCs and ACCUs, respectively, have been surrendered? And again per each year, respectively, what was the total quantum value of surrendered SMCs and ACCUs? 2. Which facilities accessed trade-exposed baseline adjustments in 2024-25? 3. In 2024-25, which entities did not meet their surrender deadline? 4. The 2024-25 SM report states, ''There were 3 facilities under the operational control of 3 responsible emitters (all of which are related to 1 corporate group) that did not meet the surrender deadline, resulting in excess emissions situations totalling 317,212 tCO2-e on 1 April. Of those responsible emitters, 1 is in liquidation and 2 are in administration.'' Which emitter went into liquidation, which emitters are in administration?

Answer

Please see the attached answer.

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