Ancillary rules: Biodiversity conservation actions

Published under clause 6.5 of the Biodiversity Conservation Regulation 2017

The offset rules established by the Biodiversity Conservation Regulation 2017 (the Regulation) allows a person with an obligation to retire biodiversity credits to fund biodiversity conservation actions to offset impacts under the biodiveristy offsets scheme.

Date
25 August 2017
Publisher
Office of Environment and Heritage
Type
Publication
Cost
Free
Language
English
Tags
  • ISBN 978-1-76039-908-5
  • ID OEH20170496
  • File PDF 69KB
  • Pages 8
  • Name ancillary-rules-biodiversity-conservation-actions-170496.pdf

The Regulation also allows the Chief Executive of the Office of Environment and Heritage (OEH) to publish ancilliary rules that set out the actions that can be funded as biodiversity conservation actions.

Using a biodiversity conservation action to meet an offset obligation must be financially equivalent to the cost of acquiring the required biodiversity credits. This is achieved by calculating the funding amount required using the offsets payment calculator as in force from time to time under section 6.32 of the Biodiversity Conservation Act 2017 to determine the cost of retirement of like-for-like credits as required under the Regulation.