BioBanking Trust Fund
BioBanking program overview
The Biodiversity Banking and Offsets Scheme (BioBanking) developed by the Department of Environment, Climate Change and Water (DECCW) is a market based initiative of the NSW Government that will provide a robust framework for private land conservation and offsetting, providing long term arrangements for biodiversity conservation on private land and a consistent and transparent mechanism for the use of biodiversity offsets.
BioBanking commenced on 11 July 2008. The Scheme's framework is provided under:
Part 7A of the Threatened Species Conservation Act 1995 (TSC Act) as inserted by the Threatened Species Conservation Amendment (Biodiversity Banking) Act 2006, which commenced on 4 December 2006
the Threatened Species Conservation (Biodiversity Banking) Regulation 2008 (BioBanking Regulation) which commenced on 11 July 2008
the Threatened Species Conservation (BioBanking Assessment Methodology) Order 2008 which was gazetted on 11 July 2008.
BioBanking Trust Fund Manager
The Minister for Climate Change and the Environment appointed the NSW Environmental Trust (the Trust) as the Fund Manager for the BioBanking Trust Fund on 30 July 2008.
The Fund Manager's role is to act as a trustee of money vested in the BioBanking Trust Fund, invest funds held in the Fund and administer the accounts and make payments from the Fund as the Minister directs.
Funds are invested through TCorp, the central financing authority for the NSW public sector.
The Trust's role was initially for a two year period, commencing in July 2008 and finishing in July 2010. The Trust's role as fund manager has been extended for a further three year period until July 2013.
To view the BioBanking quarterly reports, please click on the appropriate date below.
Details for the BioBanking Trust Fund for the year ended 30 June 2012 is contained within the Environmental Trust's Annual Report (see page 58). Please click on the link below to access the Environmental Trust's Annual Report for the year ended 30 June 2012.
Read the NSW Environmental Trust Annual Report in PDF or Word format:
2011-12 Annual Report PDF (120852TrustAR12.pdf, 4.1mb)
2011-12 Annual Report Word (120852TrustAR12.doc, 2.8mb)
For specific enquiries relating to the BioBanking Trust Fund please contact the Environmental Trust.
Level 2, 1 Fitzwilliam Street
PO Box 644, PARRAMATTA NSW 2124
Phone: (02) 8837 6093
For all other BioBanking enquiries please contact:
Department of Environment, Climate Change and Water NSW
PO Box A290
Sydney South NSW 1232
Phone: (02) 9995 6753
Page last updated: 19 December 2012