Sell biodiversity credits from 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 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 delivery mechanisms to secure the biodiversity credits needed to meet developer offset obligations:
- Open fixed price offers
- Targeted fixed price offers
- Revolving fund
Credit tender - how does it work?
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.
- Bids are competitive. Bids are evaluated on price, but other factors may be considered as set out in the participants guide for each tender.
- Successful bids will be offered an agreement to purchase credits. 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:
2022 State wide biodiversity credit tender - Opening 2 March 2022
Credit open fixed price offer - how does it work?
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 ranked order.
- The BCT offers to buy wanted credits at a non-negotiable set price.
The next Open fixed price offer is:
December 2021 Open fixed price offer- NOW OPEN
This will be followed by:
June 2022 Open fixed price offer - Opening 1 June 2022
Note that Open FPOs are not being held in February or April 2022 due to the credit tender being released in March.
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
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.