Biodiversity Conservation Act 2016

For the purposes of the biodiversity offsets scheme, the biodiversity conservation measures to offset or compensate for impacts on biodiversity values after any measures taken to avoid or minimise those impacts under the avoid, minimise and offset hierarchy are as follows—

the retirement of biodiversity credits,

other actions that benefit the biodiversity values of the impacted land or other biodiversity values.

The regulations may make provision with respect to the following (offset rules)—

the class of biodiversity credits to be retired,

the other actions that qualify or do not qualify as biodiversity conservation measures,

the circumstances in which biodiversity conservation measures may include a combination of the retirement of biodiversity credits and other actions.

(Repealed)

The regulations may provide for the circumstances in which the ordinary rules for determining the number and class of biodiversity credits required as biodiversity offsets may be varied for the purposes of the Biodiversity Conservation Trust applying amounts from the Biodiversity Conservation Fund under section 6.31 (the variation rules).