"The Carbon Farming Initiative (CFI) allows farmers and land managers to earn carbon credits by storing carbon or reducing greenhouse gas emissions on the land. These credits can then be sold to people and businesses wishing to offset their emissions."
Under the CFI, they may be able to earn carbon credits from activities such as: reducing livestock emissions; increasing efficiency of fertiliser use; enhancing carbon in agricultural soil
storing carbon through revegetation and reforestation. (Source: http://www.environment.gov.au/climate-change/emissions-reduction-fund/cfi/about)
"The Carbon Credits (Carbon Farming Initiative) Act 2011 has been amended to establish the Emissions Reduction Fund (ERF). The Emissions Reduction Fund builds on the Carbon Farming Initiative (CFI), expanding coverage to encourage emissions reductions across the economy." (Source: http://www.environment.gov.au/climate-change/emissions-reduction-fund/carbon-farming-initiative-project-transition)