Information for developers
Developers have a number of options for meeting their offset obligations under the Biodiversity Offsets Scheme. These include:
- purchasing and retiring credits from the market
- retiring credits on their own offset site
- paying into the Biodiversity Conservation Fund, managed by the BCT.
If a developer chooses to pay into the Biodiversity Conservation Fund, the total amount to be paid is calculated by the Biodiversity Offsets Payment Calculator, managed by the Office of Environment and Heritage. The chart below explains in more detail how developers can meet their offset obligations if they choose to pay into the Biodiversity Conservation Fund.
Once the BCT receives payment for the offset obligation, the developer has discharged their offset obligations and the Trust is required to secure the biodiversity offsets in accordance with rules set out in the Biodiversity Conservation Regulation 2017.
The BCT may secure offsets in any of the following ways:
- purchasing and retiring existing biodiversity credits that are already available on the market
- working with landholders to establish biodiversity stewardship agreements and purchasing the biodiversity credits that are generated
- funding biodiversity conservation actions in accordance with the Biodiversity Conservation Regulation 2017.
The BCT will also provide support to any landholders interested in setting up biodiversity stewardship agreements. The BCT will administer all biodiversity stewardship agreements, including making payments to landholders for undertaking management actions.
The overall role of the Trust in the Biodiversity Offsets Scheme is shown below: