Sell biodiversity credits from your BSA
BCT credit purchase calendar
|3 April 2024
|BCT Credit Tender 24-01 opens
|To be confirmed
|Open fixed price offer
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 secure offsets by buying biodiversity credits from credit owners or by working with landowners who are establishing new BSAs that will generate credits the BCT can purchase.
Help for new landholders: Interested landholders can refer to the BCT’s Information for new landholders wanting to offer credits to the BCT webpage. The webpage includes a link to a map to assist in determining the subregion in which your property is located.
The Biodiversity Offsets Program uses four credit purchase methods to obtain the credits needed to meet developer offset.
- Open fixed price offers
- Targeted fixed price offers
- Revolving fund
Credit tender - how does it work?
In a tender, applicants offer a price at which they are prepared to sell their credits.
Applicants submit a bid price to the BCT. The BCT considers the bid through a competitive, reverse auction process.
A tender may be open to both existing credit owners and landholders able to generate the wanted credits from a new BSA. Landholders establishing a new BSA will require a Business case as a minimum level of assessment.
- Participants make bids to sell credits that are displayed on the BCT’s Wanted Credits List. The bid identifies the price (per credit) at which a participant is willing to sell their credits.
- Bid prices are competitive. The BCT evaluates bids based on price, but other factors may be considered as set out in the participants guide for each tender.
- If the BCT accepts the participant's bid price, then the sale proceeds.
- In a limited number of cases, the BCT may provide technical and financial assistance to landholders whose successful bid requires the establishment of a new BSA.
The next credit tender is:
Credit open fixed price offer - how does it work?
In an Open fixed price offer, the BCT offers applicants a price at which it wants to buy credits.
Credit owners or landholders apply to obtain the BCT's offer price and choose whether to accept it.
An Open fixed price offer is open to both existing credit owners and landholders able to generate the wanted credits from a new BSA. Landholders establishing a new BSA will require a Feasibility assessment as a minimum level of assessment.
- Participants apply to sell credits displayed on the BCT's Wanted Credits List.
- Applications are considered in a rank order.
- The BCT offers a non-negotiable set price.
- If the participant accepts the BCT's price offer, then the sale proceeds.
The next Open fixed price offer is:
Open fixed price offer - Date to be confirmed
Credit targeted fixed price offer - how does it work?
Targeted fixed price offers are used in limited circumstances and specific regions to obtain highly sought-after credits.
- Offers are made to selected participants that may include both existing credit owners and landholders able to generate the wanted credits from a new BSA.
- Offers are a non-negotiable, set price.
- Technical and financial assistance may be provided to landholders willing to establish a new BSA and sell credits to the BCT.
- Targeted fixed price offers are currently used, for example, through the Growth Centres Biodiversity Offset Scheme.
Revolving fund - how does it work?
The BCT will use the revolving fund in limited circumstances to secure wanted biodiversity credits.
Through the revolving fund, the BCT purchases properties available in the real estate market that have proven capacity to generate wanted credits. The BCT then establishes a BSA on some or all of the property, then re-sells the property in the real estate market. Purchasers buy the property knowing it comes with the responsibilities of a BSA.
The Revolving Fund has not yet been used to purchase credits.
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.
Conservation management actions have not yet been used to purchase credits.
Reporting on the Biodiversity Offsets Program
The Biodiversity Offsets Program outcomes webpage provides a summary of the Program’s activity. This includes information on offset obligations that have been fully acquitted to date, and the September 2022 statewide credit tender outcomes.
Summary of resources
The Landholder resources webpage provides a summary of the information available for selling credits to the BCT.
For details about BSAs more generally and the BSA process, view our BSA Landholder Guide.