The Clean Energy Regulator And ASIC Sign Memorandum Of Understanding

The Clean Energy Regulator and ASIC have signed a Memorandum of Understanding on the working relationship between the two agencies to deliver their regulatory responsibilities under the carbon pricing mechanism.

The Clean Energy Regulator is responsible for administering legislation that will reduce carbon emissions and increase the use of clean energy. ASIC is responsible for overseeing activities that involve financial services for regulated emissions units and the financial markets that trade them.

Ms Chloe Munro, Chair of the Clean Energy Regulator, and Mr Greg Medcraft, Chairman of ASIC, welcomed the signing as a demonstration of their 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 Chloe Munro.

“We have established the framework for a working relationship that will benefit both agencies to pursue common interests and administer our respective legislation. 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,” said Greg Medcraft.

Download a copy of the Memorandum of Understanding