What is an offset condition and an environmental offset
7 What is an offset condition and an environmental offset
Under another Act, an administering agency may impose a condition (an offset condition) on an authority under the other Act for a prescribed activity for a prescribed environmental matter that—
requires an environmental offset to be undertaken; orExamples of environmental offsets for paragraph (a)—
• carrying out work to maintain the viability of a prescribed environmental matter
• preparing a plan about a prescribed environmental matter
• conducting scientific research or an education program
otherwise relates to an environmental offset.Example for paragraph (b)—
payment of a financial settlement offset
An environmental offset is an activity undertaken to counterbalance a significant residual impact of a prescribed activity on a prescribed environmental matter.
However, an environmental offset for a prescribed environmental matter that is a protected area, other than a special wildlife reserve or nature refuge, may include the delivery of any activity that provides a social, cultural, economic or environmental benefit to any protected area.
This Act’s bill:Explanatory memorandumSecond reading speech
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