Sell biodiversity credits under your BSA
The BCT’s Biodiversity Offsets Program is responsible for securing biodiversity offsets when developers choose to meet their offset obligation by paying into the Biodiversity Conservation Fund.
We will secure offsets by buying biodiversity credits from landholders who have existing biodiversity stewardship agreements (BSAs) or BioBanking Agreements or by working with landowners to establish new BSAs that will generate credits the BCT can then purchase at an agreed price.
The Biodiversity Offsets Program will initially use three delivery mechanisms to secure biodiversity credits needed to meet developer offset obligations:
- biodiversity credits tenders
- biodiversity credits fixed price offers
- The BCT's Revolving Fund
Selling your credits through a biodiversity credits tender - how does it work?
- The BCT identifies wanted credits suitable for acquisition through a Biodiversity Credits Tender.
- Credit owners and, in some cases landowners able to generate the wanted credits from a new BSA, are invited to submit a tender bid to sell credits to the BCT.
- Offered bids are competitive. Bids are evaluated on price, but other factors may be considered (strategic conservation outcomes) as set out in the landholder guide for each tender.
- Where a reasonable supply of existing credits is available on the market, Biodiversity Credits Tenders may be ‘targeted’ to existing credit owners only.
- Where there is high potential for further supply through new BSAs, the Biodiversity Credits Tender will be ‘open’ and the BCT will accept bids from landholders yet to establish a BSA.
- Successful bids will be offered an agreement to purchase credits. In the case of open Biodiversity Credits Tenders, the BCT may provide technical and financial assistance to landholders whose successful bid requires the establishment of a new BSA.
- The BCT purchases credits of successful bids and credits are removed from the Credits Wanted Register.
Information about current biodiversity credit tenders is available on our Biodiversity Credit Tender page. Information about biodiversity credit tenders completed to date is available on our BOP outcomes page.
Selling your credits through a biodiversity credits fixed price offer - how does it work?
- The BCT offers to buy wanted credits at a set price.
- Credit owners, landowners able to generate the wanted credits from a new BSA, or conservation brokers, can respond to the BCT’s offer.
- Offers to sell credits are accepted on a ‘first come – first serve’ basis.
- Where only a single supplier of wanted credits is identified, the BCT may make a ‘targeted’ biodiversity credits fixed price offer to the credit owner or landholder.
- Where there are potentially multiple suppliers of wanted credits, the offer will be ‘open’ and the BCT will accept bid offers from landholders yet to establish a BSA.
- Once an offer is accepted, the BCT will establish an agreement to purchase credits. In the case of open biodiversity credits fixed price offers, the BCT may provide technical and financial assistance to landholders to establish a new BSA.
- Once an agreement has been established, credits are removed from the Credits Wanted Register.
Information about biodiversity credit fixed price offers completed to date is available on our BOP outcomes page.
How do we secure Biodiversity Credits through our Revolving Fund?
The BCT’s third delivery mechanism for this program is the BCT Revolving Fund. The BCT will use the Revolving Fund in limited circumstances to secure wanted biodiversity credits.
The BCT uses its Revolving Fund to purchase properties available in the real estate market that have proven capacity to generate wanted credits. The BCT then establishes a BSA on the some or all of the property, then re-sells the property in the real estate market. Purchasers must be willing to buy the property knowing it comes with the responsibilities of a BSA.
Conservation Management Actions
Under the Biodiversity Offset Scheme rules, BCT may sometimes be able to fund biodiversity conservation actions, instead of procuring biodiversity credits. BCT may identify and fund high-priority investment options or may invite tenders to supply conservation projects.
Visit the BCT Biodiversity Credits Wanted page to get more information on the biodiversity credits wanted by the BCT.