Clean Energy Regulator and Australian Securities and Investments Commission sign MoU

The Clean Energy Regulator and the Australian Securities and Investments Commission (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.

Chloe Munro, Chair of the Clean Energy Regulator, and 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 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 coordinated and consistent information on how the carbon pricing mechanism works,” said Medcraft.

A copy of the memorandum of understanding is available here.