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.
You will also need to attach a copy of your identification that has been certified by a Justice of the Peace or via the Australia Post witnessing service. To find a Justice of the Peace near you visit the NSW Justice Department website. To find out more about the Australia Post witnessing service visit their site.
The Department of Planning, Industry and Environment (DPIE) may undertake further verification of your identity and you will need to provide your consent to this. To find out more about how we personal information please read our commitment to privacy and security.
If you are signing the form on behalf of the applicant, you must provide both the identity verification 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
Where a request for reasonable equivalence is made for the purpose of determining the reasonably equivalent Biodiversity Offsets Scheme credits from BioBanking credits issued under the TSC Act, DPIE will adopt 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.