The Clean Energy Regulator is responsible for administering legislation that will reduce carbon emissions and increase the use of clean energy, while the Australian Securities and Investments Commission (ASIC) is responsible for overseeing activities that involve financial services for regulated emissions units and the financial markets that trade them.
Clean Energy Regulator Chair Chloe Munro and ASIC Chair Greg Medcraft said that the memorandum demonstrates the agencies’ commitment to a whole-of-government approach to protect and promote confidence in the integrity of the legislative schemes each agency administers.
“Close collaboration between ASIC and the Clean Energy Regulator will send a strong signal to liable entities, financial market participants, and the public that we’re working together to optimise compliance with the carbon pricing mechanism,” said Ms Munro.
“We have established the framework for a working relationship that will benefit both agencies to pursue common interests and administer our respective legislation,” Mr Medcraft said.Article continues below…
“We welcome the opportunity to combine resources to provide the Australian community with co-ordinated and consistent information on how the carbon pricing mechanism works.”
A copy of the memorandum of understanding is available by clicking here.