Home' Army News : September 13th 2012 Contents Nominations now open for the 2nd Annual
Defence Excellence in Security Awards
Supported by the CDF and Secretary, these awards honour and celebrate
outstanding achievements in security by those working for Defence---
ADF, APS and industry.
Who can enter
Any Defence employee or Defence industry company employee can
submit a nomination.
Entry forms are available
Finalists will be invited to an official ceremony in Canberra in March
2013, where the winners will be announced and presented with trophies.
Department of Defence
Nominations open from 20 August -- 15 October 2012
As usual, look
before you leap, says
Email ASIC at ADFcolumn@asic.gov.au with
topics that interest you.
are now able to trade in
carbon credits. You may
have read about carbon
trading in the media.
Here's how this new category of
investment works and how to check if
a carbon investment is legitimate.
What is carbon trading?
Carbon trading is when you buy
and sell tradeable emissions units
known as carbon credits (also called
carbon offsets). These units often
relate to activities that reduce emis-
sions, such as tree planting or captur-
ing methane from landfill.
Australia's largest carbon emitters
face a charge for their emissions unless
they acquire and surrender back to the
government the number of "emissions
units" that represent their annual emis-
sions. People participating in voluntary
offset schemes may also buy units.
Carbon credits are not backed by
any assets and don't pay any dividends
Some also have expiry or cancel-
lation dates when they become worth-
less. They can't be re-sold for any
guaranteed or minimum price.
The government has proposed a
limited buy-back scheme for some car-
bon units, but this may not be readily
accessible to retail investors.
Regulated carbon credits
The only types of carbon credits
regulated by the Australian Securities
and Investments Commission (ASIC)
in Australia are:
Carbon units -- issued directly to
companies and by public auction.
Australian carbon credit units
-- issued for Australian emission
reduction or sequestration projects.
Eligible international emissions
units -- issued under the Kyoto
Financial advisers and investment
companies that advise you to trade in
or offer to sell you regulated carbon
credits must be licensed or registered
with ASIC. Check ASIC's carbon reg-
ister at www.asic.gov.au to make sure
they are registered.
Some carbon credits are not regu-
lated in Australia as financial prod-
These are usually bought online
from suppliers or through companies
that operate a carbon-trading platform
and are used to offset people's person-
al household or travel emissions.
Just because these credits are
unregulated doesn't mean they are
illegal or invalid.
It means that the people promot-
ing or selling them don't need to be
licensed by ASIC.
However, unregulated carbon
credits (such as verified emissions
reductions or voluntary carbon units)
are generally not worth the same as
regulated carbon credits.
Carbon credits that appear cheap
may also not be eligible under the
Australian Government's carbon pric-
ing mechanism and may not rise in
price to match the value of eligible
Be wary of offers to sell you car-
If the caller claims they can gen-
erate Australian carbon credit units
through a carbon offset project,
always check if the project is listed on
the Clean Energy Regulator's website,
it is not, it could be a scam.
If you think someone is making
false claims about a carbon offset pro-
ject, you should complain to ASIC or
the Clean Energy Regulator.
The carbon credit market is new in
Australia. Make sure you know what's
involved and how to check if a carbon
investment is legitimate before you
put your money on the line.
For more information and general tips on
investing go to ASIC's MoneySmart website,
The pros and cons of a new line of investment
Photo by Cpl Mark Doran
Army September 13, 2012
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