Buying and retiring biodiversity Biodiversity Offsets Scheme (BOS) credits can offset a biodiversity obligation applying to a development or vegetation clearing. Credits may also be voluntarily retired to improve environmental outcomes.
Retired credits are removed from the market and can no longer be traded.
Accurate submission and approval of an application to transfer BOS credits results in a legally binding transaction of credit ownership from seller to buyer.
The market determines the amount paid for each credit. The landowner and credit purchaser are free to negotiate a price, as long as the total fund deposit requirements are met. Total fund deposits allow for long-term management of biodiversity stewardship sites.
BOS public registers
The BOS public registers support the operation of the BOS credit market by helping to connect credit buyers and sellers while increasing market transparency.
The public registers provide information about BOS credits, obligations and transactions created under the provisions of the Biodiversity Conservation Act 2016 and the Biodiversity Conservation Regulation 2017.
Proof of BOS credit ownership
Credit holders (credit owners) can request a PDF BOS credit ownership report from the department.
The report is available for a credit holding and identifies all owners of the credits and outlines the status, number and class of credits available within a credit holding.
The report will be made available to credit holders (credit owners) at the conclusion of credit transfers.
Credit holders (credit owners) can request a credit ownership report from the department at any time by sending an email to BOSCREDITS@environment.nsw.gov.au. You must include your full name and the credit holding reference in your request. The department may ask for additional information to ensure the correct ownership report is provided to you.
The department will only provide a credit ownership report to third parties (for example, an accredited assessor) after receiving written the consent from the credit holder (credit owner).
Authority to sign and proof of identity
The applicant’s authority to sign and proof of identity is required for Biodiversity Offsets Scheme (BOS) transaction applications.
Read the Authority to sign and proof of identity practice guideline for more information about legal authority to sign and the documents required to prove the identity of the applicant.
Transferring and retiring BOS credits
Application to transfer BOS biodiversity credits (DOC 170KB)
Application to retire BOS biodiversity credits (DOC 131KB)
Guidance for applying to transfer or retire BOS credits (PDF 36KB)
Instructions for submission are included in the forms. Applications to transfer or retire BOS credits must be accompanied by the relevant fee. Visit Scheme fees.
Note: These application forms don't apply to transfer and retirement of BioBanking credits. For Biobanking transactions visit Biobanking page.
Annotated forms are available to help applicants understand the requirements before lodging an application. These forms have been marked up with instructions for when and how certain parts of the form need to be completed and clarify the information that needs to be included.
- Annotated BOS Credit retirement form (PDF 237KB)
- Annotated BOS Credit transfer form (PDF 277KB)
- Annotated Biodiversity Offsets Scheme – change of designated contact person or authorised representative for public register form (PDF 198KB)
For more information about processing forms and guidance for applying to transfer or retire BOS credits visit Transferring and retiring BOS credits.
Change of contact details on the public register
Credit holders (credit owners) need to apply to change the designated contact person or authorised representative on the BOS public register to take enquiries in relation to your biodiversity credits and credit transactions.
The person listed as a designated contact on the BOS public register must be the credit holder or someone who is authorised to act on behalf of a credit holder.
Biodiversity Offsets Scheme – change of designated contact person or authorised representative for public register form (DOC 122KB)
Timeframe for processing BOS credit transfers and retirement
The usual timeframe to process an application to transfer or retire BOS credits is approximately 3 weeks. Submitting an incomplete application will delay the processing time.
This timeframe allows the Department to review the application, request and review any additional information and for payment towards the Total Fund Deposit and for the application fee to be received.
The time taken to process an application may vary depending on how long it takes to receive additional information or there are unexpected circumstances.