Biodiversity Conservation (Savings and Transitional) Regulation 2017

The repeal of the Threatened Species Conservation Act 1995 does not affect a biobanking statement issued under Division 6 of Part 7A of that Act before the repeal of that Act.

Any such biobanking statement continues to have the effect it has under Division 6 of Part 7A of the Threatened Species Conservation Act 1995. The statement also has the same effect in relation to any development or activity to which it applies as Part 8 of the new Act has in relation to biodiversity certified land under that Part.

Any such biobanking statement that has not been acted on ceases to have effect 2 years after the repeal of the Threatened Species Conservation Act 1995 despite anything to the contrary in that Act.

Any such biobanking statement cannot be modified under Division 6 of Part 7A of the Threatened Species Conservation Act 1995, but may be modified by the Environment Agency Head on the application of the person to whom it was issued to bring the credit retirement condition of the statement into line with the equivalent biodiversity credits under the new Act.

An order under section 127ZR of the Threatened Species Conservation Act 1995 that continues to have effect on the repeal of that Act is taken to be an order under section 6.29 of the new Act.

Section 127ZS of the Threatened Species Conservation Act 1995 continues to have effect in relation to a biobanking statement under that Act.