Delivering Biodiversity Offsets
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:
- Working with landholders to establish new BSAs that will generate credits the BCT can then purchase at an agreed price.
- Buying biodiversity credits from landholders who have existing Biodiversity Stewardship Agreements (BSAs) or BioBanking Agreements through biodiversity credit tenders and fixed price offers.
- Funding Biodiversity Conservation Actions.
The BCT’s Biodiversity Offsets Program uses four delivery mechanisms to secure biodiversity credits needed to meet developer offset obligations: biodiversity credit tenders, biodiversity credit fixed price offers (open and targeted), the BCT’s revolving fund and biodiversity conservation actions.
Buying biodiversity credits from landholders
To date, the BCT has completed four Biodiversity Credit Tenders and one state-wide fixed price offer. All purchases made via these delivery mechanisms are available on the public registers administered by the Department of Planning, Industry and Environment.
Information about current biodiversity credit tenders and expressions of interest is available on our biodiversity credit tender page. Information about completed tenders and fixed price offers is available on our BOP outcomes page.
For more information about the biodiversity credit open fixed price offer, please visit this page.
Working with landowners to establish new biodiversity stewardship agreements
The BCT is working with landholders to establish new biodiversity stewardship agreements (BSAs) that will generate biodiversity credits the BCT can then purchase at an agreed price. Under certain circumstances, the BCT might also decide to place a BSA over a property acquired through the BCT’s Revolving Fund.
Biodiversity stewardship agreements
Biodiversity stewardship agreements are used for landholders wishing to generate and sell biodiversity credits under the Biodiversity Offsets Scheme. They provide permanent conservation and management of the biodiversity values on the land. Find out more
BCT Revolving Fund's biodiversity stewardship agreements
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 Biodiversity Stewardship Agreements (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.
Funding Biodiversity Conservation Actions
Under the Biodiversity Offset Scheme, BCT may sometimes 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’s Wanted Credits List to get more information on the biodiversity credits wanted by the BCT.