Environmental Offsets Act 2014

The Governor in Council may make regulations under this Act.

A regulation may do any of the following—

prescribe fees payable under this Act;

provide for an area of land to be registered by the chief executive or a local government to be used for the purposes of an environmental offset in the future (an advanced offset) and for the use of advanced offsets, including, for example, by providing for trade in relation to advanced offsets;

require or permit other amounts to be paid out of the offset account;

impose a penalty for contravention of a provision of a regulation of no more than 20 penalty units.