You will need to enter into this agreement if you intend to use your land to generate and sell biodiversity credits under the NSW Biodiversity Offsets Scheme.
The Scheme enables biodiversity credits to be generated by landowners who commit to enhancing and protecting biodiversity values on their land through a Biodiversity Stewardship Agreement. These credits can then be sold to either:
- companies seeking to counterbalance (or offset) the impacts of their development activities on biodiversity values
- entities seeking to invest in conservation outcomes.