Registration of Retirement of Biodiversity Credit - New South Wales

Service summary

You will be required to apply for this registration if you intend to retire biodiversity credits purchased or obtained under the Biobanking Scheme. The Scheme enables biodiversity credits to be generated by landowners who commit to enhancing and protecting biodiversity values on their land through a Biobanking Agreement. These credits can then be sold to:

  • Companies seeking to counterbalance (or offset) the impacts of their development activities on biodiversity values; or
  • Entities seeking to invest in conservation outcomes.

You may retire biodiversity credits in order to offset the impact of development activities undertaken by your business. Credits may also be voluntarily retired to improve overall environmental outcomes in the State. Once credits have been retired, they may no longer be traded.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this registration you must:

  • Have obtained biodiversity credits under the Biobanking Scheme;
  • Complete and submit a copy of the application form; and
  • Pay the required fee.

Please consult the Contact Officer for more information regarding eligibility requirements.

Fees

 TypeAmountDescription
ApplyApplication$591.00

Application accompanied by Biobanking Statement.

Application$12,401.00Application without a Biobanking Statement.

Administering agency

Department of Planning and Environment
Office of Environment and Heritage

Act(s) name

Threatened Species Conservation Act 1995 (New South Wales)

Regulation(s) name

Threatened Species Conservation Regulation 2010 (New South Wales)

Contact details

Enquiries, BioBanking Team
Department of Planning and Environment
Office of Environment and Heritage


Mailing address:
PO Box A290
Sydney South,New South Wales,
Australia

Phone:

131555

Phone:

02 99955000

Fax:

02 99956795
biobanking@environment.nsw.gov.au

Supporting information

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.