Object of Trust
10.4 Object of Trust
The object of the Trust is to protect and enhance biodiversity by—
encouraging landholders to enter into co-operative arrangements for the management and protection of the natural environment that is significant for the conservation of biodiversity, and
seeking strategic biodiversity offset outcomes to compensate for the loss of biodiversity due to development and other activities, and
providing mechanisms for achieving the conservation of biodiversity, and
promoting public knowledge, appreciation and understanding of—
biodiversity, and
the importance of conserving biodiversity.
The co-operative arrangements for the management and protection of land may include arrangements for the management and protection of any waters that affect the biodiversity of the land, whether or not the waters are on or under the surface of the land.
The affairs of the Trust are to be conducted on a not-for-profit basis.
The object of the Trust is also its principal purpose.
Note.
For donations to the Biodiversity Conservation Trust Public Fund maintained by the Trust to have tax deductible status under Subdivision 30-E of the Income Tax Assessment Act 1997 of the Commonwealth, the Trust must have as its principal purpose the protection and enhancement of the natural environment or a significant aspect of the natural environment.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.