Registration of Retirement of Biodiversity Credit - New South Wales

Description

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

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application - $591.00

Application accompanied by Biobanking Statement.

Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $12401.00 Application without a Biobanking Statement.

Administering agency

Department of Planning and Environment

Office of Environment and Heritage

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries, BioBanking Team

Mailing address: PO Box A290
Sydney South, New South Wales
Australia
Phone: 02 99955000
Phone: 131555
Fax: 02 99956795
Email: biobanking@environment.nsw.gov.au