The guidance outlines regulatory approvals CBET projects need to comply with under Australian Government legislation and related legislative frameworks.
CBET is the trade of electricity across international borders. This trade can help fulfil regional energy needs and improve grid stability where needed.
The guidance shows how the various approvals, obligations and regulatory processes interact. Making these requirements transparent aims to build industry confidence.
The guidance includes an outline of:
- project stages and regulatory approvals
- common approvals and how to apply
- project specific approvals, depending on project location and scope.
As each project will be unique, you may need to adapt this guidance or use it alongside other guidance. Your project may require additional approvals.
The MPFA provides information and help for regulatory approvals on major projects in Australia.
CBET projects may be eligible for major project status if they:
- have a capital investment over $50 million
- face complex regulatory approval challenges
- are strategically significant to Australia.
This guide aligns with the Cross-Border Electricity Trade Framework between the Australian Government and the Singapore Government on the Department of Foreign Affairs and Trade (DFAT) website.