You need to apply for this registration if you have generated biodiversity credits under the Biobanking Scheme, and again, separately, if you have sold or transferred those credits.
The Biobanking 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.