The Code’s operations are governed by a transparent compliance framework, oversight by the Code Review Panel and a regular cycle of independent review.
The Code Administrator carries out an annual compliance review of Signatories’ activities and actively investigates and manages complaints under the Code.
At its best the Code reinforces rather than replaces regulatory frameworks, seeking to build a culture of best practice beyond basic compliance.
The Administrator monitors and reviews compliance under the Code to ensure that Signatories continue to operate professionally and comply with Code obligations.
The Code Review Panel is an expert panel responsible for providing independent oversight, monitoring and direction of the Code, including to arbitrate compliance cases.
The Code integrates a three-yearly independent review mechanism that enables stakeholders to have input into the ongoing maturity, development and integrity of Australia’s carbon industry.