Understanding carbon sequestration from tree planting and management activities is important for contributing to the mitigation of climate change. Although rates of growth and resulting sequestration of carbon in live above-ground biomass are relatively well understood in various woody plantings and commercial plantations in Australia, less is known about associated changes in live below-ground biomass, and the turnover and decomposition of biomass, and hence, resulting changes in carbon stocks of litter and soil. Our objective was to develop a modelling approach for predicting these processes and the resulting changes in litter and soil carbon following the establishment and/or management of tree plantings (EMTP) to facilitate their inclusion in carbon abatement projects. We reviewed and collated data on allocation of biomass, litterfall, litter decomposition, litter/harvest residue mass and soil organic carbon (N = 5,655 estimates). Data were sourced from existing field studies of woody plantings (mixed-species environmental and mallee eucalypt), commercial plantations (hardwood and softwood) and in some cases, eucalypt-dominant native forests. After constraining a carbon accounting model to observed measures of growth, allocation of biomass, and rates of litterfall and litter decomposition, the model was calibrated to maximise the efficiency of prediction of litter and soil pools. Although large uncertainties in ‘observed’ results meant that precision of prediction in any given data source was relatively poor, model predictions had negligible overall bias. The size and diversity of datasets applied in the process of calibration improved overall confidence in model predictions of litter and soil carbon pools. The calibrated model will therefore be a useful tool for informing land managers and policy makers seeking to understand on-site dynamics of all carbon pools, and hence, the total contribution to carbon abatement of different EMTP projects in Australia.