When a landholder has sold sufficient credits to generate 80% of the Total Fund Deposit, active management of the biodiversity stewardship site begins. This means:
- The landholder becomes responsible for carrying out the management actions specified in the management plan that is attached to the Biodiversity Stewardship Agreement (BSA), and
- The Biodiversity Conservation Trust (the Trust) will begin making annual payments to the landholder, as per the terms of the BSA.
The landholder is obliged to transfer 100% of the Total Fund Deposit. Any additional money that is made from the sale of credits beyond this amount can be retained as a profit by the landholder.
The Trust will make annual payments to the landholder over the 20-year period, and the landholder is required to report annually to the Trust. After the 20-year period, the landholder may re-apply parts of the Biodiversity Assessment Method (BAM) to renew the active management plan or continue to receive payments to maintain the BSA site.
The Trust is responsible for ensuring landholders comply with their obligations. Landholders may be subject to auditing and other compliance activities by the Trust or Department of Planning, Industry and Environment.
More information: Biodiversity Conservation Trust