New Biodiversity Conservation Fund Charge System has commenced
The Biodiversity Conservation Fund 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 Biodiversity Conservation Fund to meet their biodiversity offset obligation.
The Biodiversity Conservation Trust 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.
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.
A webinar about the Biodiversity Conservation Fund Charge System was held on 11 October 2022. You can watch the recording of this webinar below.
Making it easier to access market data
June 2022: New market information tools
The department has released new tools to help landholders, proponents, and other biodiversity offsets scheme participants estimate the likely price of credits in the open market, including:
- an interactive Biodiversity Credits Market Sales Dashboard that provides information about historical credit sales and trends
- a plain-English Credit Pricing Guide that provides high-level advice to support credit buyers and sellers to price credits.
November 2019: Launch of the Spot Price Index: Biobanking credits
The Spot Price Index is an innovative product that provides the public with easy access to the latest credit prices and historical biodiversity market data, published in the BioBanking Public Registers. The index being launched is for BioBanking credits which are still being traded. A Spot Price Index for biodiversity credits created under the new scheme (biodiversity assessment method, or BAM, credits) will be launched when those credits start trading and being registered in the Biodiversity Offsets Scheme Public Registers.
The Spot Price Index can be easily interrogated to provide a wide range of market information that will be valuable to biodiversity offsets scheme participants, particularly those who are purchasing or pricing credits and who need to understand the current price of credits.
The Spot Price Index was upgraded to the BioBanking Credits Sales Dashboard in October 2022.
Independent monitoring of the biodiversity credits market
The Independent Pricing and Regulatory Tribunal (IPART) has been commissioned to monitor and report on the operation of the biodiversity credits market established by the Biodiversity Offsets Scheme.
Independent monitoring of the biodiversity credits market will support transparency and public confidence in the scheme and help improve its operation. For more information and to see how you can participate visit the IPART website.