Nature conservation

Biodiversity Reform

Brokers

The government recognises the potential for brokers to provide a key role in expanding opportunities for trading biodiversity credits as the Biodiversity Offsets Scheme builds from August 2017.

The Biodiversity Conservation Act 2016 allows for brokers to provide services relating to the Biodiversity Offsets Scheme. These services may include:

  • Identification of potential biodiversity stewardship sites or management actions
  • Negotiation of a biodiversity agreement on behalf of a land owner
  • Assistance with buying or selling biodiversity credits.

The provisions for brokers have not been prescribed in the Biodiversity Conservation Regulation 2017.

Rules covering the conduct of brokers are likely to be developed, and training is anticipated to ensure these services are delivered effectively.

Key aspects to be considered for the rules are:

  • A fit and proper person test
  • A code of conduct.

More information about brokers should be available soon. In the meantime, any inquiries can be sent to OEH at lmbc.support@environment.nsw.gov.au or by calling 1800 931 717.

 

Page last updated: 28 August 2017