The NSW Biodiversity Conservation Trust was established with the commencement of the Biodiversity Conservation Act 2016. Under the Act the Trust will support and encourage landholders to enter into agreements to protect biodiversity on private land.
The NSW Biodiversity Conservation Trust will invest $240 million over five years to support working with landholders, farmers and other organisations that wish to participate in private land conservation.
The Trust will initially continue the private land conservation functions of the Office of Environment and Heritage and the Nature Conservation Trust.
The NSW Biodiversity Conservation Trust has a role to seek strategic biodiversity offsets where developers pay the Trust to meet their biodiversity offset obligations.
Information will be updated as the Board of the Trust develops its approach, strategy and Business Plan due in early 2018, which will be based on the requirements of the legislation and guided by the Biodiversity Conservation Investment Strategy.