Offsets payment calculator

The Offsets Payment Calculator is designed to determine how much a proponent must pay into the Biodiversity Conservation Fund to satisfy an offset obligation if they opt to do so instead of buying and retiring credits.

New Biodiversity Conservation Fund Charge System has commenced

The Biodiversity Conservation Fund (BCF) Charge System replaced the previous Biodiversity Offsets Payment Calculator on 17 October 2022. The new Charge System will be used to determine the amount a proponent may pay into the BCF to meet their biodiversity offset obligation.

The Biodiversity Conservation Trust (BCT) is responsible for administering the new Charge System.

For more information about the Biodiversity Conservation Fund Charge System, including how to request a quote, please visit the Biodiversity Conservation Trust website.

Biodiversity Conservation Trust website

You can view the ministerial order, which gives legal effect to the new Charge System, on the NSW Legislation website. The Biodiversity Conservation Trust has also published rules that supplement the order on its website.

Ministerial Order

A webinar about the Biodiversity Conservation Fund Charge System was held on 11 October 2022. You can watch the recording of this webinar below.

Watch recording

Biodiversity Conservation Fund Charge System assurance

The Department of Planning and Environment has developed an assurance program to give scheme participants and the broader public confidence that the Biodiversity Conservation Trust is correctly applying the Biodiversity Conservation Fund Charge System.

2022 assurance

An initial, independent assurance audit of the Biodiversity Conservation Trust's application of the Biodiversity Conservation Fund Charge System was undertaken in October 2022. The audit, which was undertaken by Marsden Jacob Associates, found that the Biodiversity Conservation Trust had applied the Biodiversity Conservation Fund Charge System in accordance with the relevant requirements in the Biodiversity Offsets Payment Calculator Order 2022.

You can download the audit documentation below.

The department commissioned another independent assurance audit in 2023.

2023 assurance

The 2023 assurance audit was also completed by Marsden Jacobs Associates. The audit found that the Biodiversity Conservation Trust had applied the Biodiversity Conservation Fund Charge System in accordance with the relevant requirements in the Biodiversity Offsets Payment Calculator Order 2022.

The 2023 audit included an expanded scope to include a review of quotes issued in 2022–23, and a separate initial review of datasets to be used to generate quotes in 2023–24. The assurance audit method has been updated to reflect this new scope.

You can find the audit documentation below: