If you want to apply for an assessment of reasonable credit equivalence for your BioBanking credits you should complete the Application for an Assessment of Reasonable Equivalence of Biodiversity Credits-created credits form.
You will need to attach a current BioBanking credit ownership report to the application.
The Authority to sign and proof of identity practice guideline (PDF 144KB) outlines the legal authority required by a person to execute an application for assessment of reasonable equivalence of biodiversity credits and the documentation required to prove the identity of those persons.
The Department of Planning, Industry and Environment (DPIE) may take further steps to confirm your identity and you will need to provide your consent to this. To find out more about how we use personal information, please read our commitment to privacy and security.
If you are signing the form on behalf of the applicant, you must provide proof of identity for the BioBanking credit owner and yourself. Also, you must state the nature of your legal authority and attach documentary evidence of this authority (e.g. power of attorney, executor, trustee, company director etc.).
Assessment of an application for reasonable equivalence process – existing BioBanking credits
When a request for reasonable equivalence is made for the purpose of determining the reasonably equivalent Biodiversity Offsets Scheme (BOS) credits from BioBanking credits issued under the TSC Act, the Department will take the following approach.
An assessment will be applied to all the BioBanking credits from the original BioBanking agreement regardless of whether they are owned by multiple owners. However, you will be supplied with information that only relates to the BioBanking credits you own. We won't assess applications for part of the BioBanking credits you own – we will assess all the BioBanking credits you own.
Calculations resulting in a value of 0 will be rounded up to 1.