Nature conservation

Biodiversity Reform

The Biodiversity Conservation Trust's role in the Scheme

The Biodiversity Conservation Trust (BCT) plays a key role in the Biodiversity Offsets Scheme.

Proponents can choose to satisfy offset obligations in their development consent conditions by paying money into the Biodiversity Conservation Fund managed by the BCT. This may be a faster and more certain way for many proponents to meet their obligations.

Proponents still have the option to source biodiversity offsets themselves or to use the services of a third party broker.

Once a payment is made into the fund, the BCT becomes responsible for finding the offsets needed. The BCT must satisfy these offset obligations consistent with the rules of the Biodiversity Offsets Scheme.

The BCT is able to pool offset obligations and funds and could establish larger and more viable offset sites.

The BCT also works with landholders to establish biodiversity stewardship agreements on their land. By working with landholders to establish stewardship sites and create biodiversity credits, the BCT will be able to stimulate supply in the market.

Read an overview of how the Biodiversity Offsets Scheme will work, including the BCT’s role.

For more information about the BCT, visit the BCT website .

Page last updated: 27 August 2019