Content of environmental offsets policy
13 Content of environmental offsets policy
An environmental offsets policy may—
set out the circumstances in which an environmental offset may or may not be required; or
set out the characteristics of an area that is suitable for undertaking an environmental offset; or
provide for the ongoing management and monitoring of, and reporting about, an environmental offset; or
provide for deciding the size and scale of an environmental offset so the offset is proportionate to the significant residual impacts on a prescribed environmental matter; or
set out the requirements for determining the amount required for a financial settlement offset; or
include any other provision relating to the main purpose of this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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