I need more information
Why is it important to protect biodiversity on private land?
More than 70 per cent of the land in NSW is privately owned or under Crown lease. These lands are home to many important ecological communities and threatened species. The NSW Government recognises that engaging effectively with private landowners in proactive land management and conservation is vitally important. Landholders who protect the plants and animals on their land play a key role in maintaining healthy biodiversity across NSW and landholders should be supported in a number of ways for playing this important role.
The NSW Biodiversity Conservation Trust will receive an unprecedented amount of $240 million over five years to support conservation on private land and $70 million in each following year, subject to performance reviews. This investment is critical to conserving biodiversity, maintaining the diversity and quality of ecosystems and enhancing their capacity to adapt to change.
Will the $240 million for private land conservation be used to offset the biodiversity impacts of development?
No, the $240 million for private land conservation will be used to help deliver the private land conservation program and to support landholders in financial and non-financial ways when they become a part of the program. The $240 million is in addition to payments that may be made by developers who choose to meet their offset obligations by paying into the Biodiversity Conservation Fund.
How can the community know more about the work of the Biodiversity Conservation Trust?
The BCT will publish a business plan every four years and annual reports on its activities, as required under the Biodiversity Conservation Act 2016.
The Biodiversity Conservation Regulation 2017 sets out the information the BCT must include in its business plan and annual reporting, such as goals, plans for achieving those goals, plans for investing money and managing returns, and data management.
In addition to the standard requirements of public finance legislation, the BCT’s annual reports will outline progress in the past financial year against goals identified in the BCT’s business plan and actions undertaken in the past financial year to deliver against the BCT’s business plan.
What returns can a landholder expect if they establish a biodiversity stewardship agreement?
Landholders will be able to negotiate the sale price of their biodiversity credits with the credit buyer. A portion of the sale price must be paid into the Stewardship Payments Fund to cover the costs of managing the site in perpetuity. The remaining income from the credit sale is kept by the landholder as profit.
How much will it cost to enter a biodiversity stewardship agreement?
There will be upfront costs to establish a biodiversity stewardship agreement. Landholders will need to engage an accredited assessor to assess the biodiversity value of the site by applying the biodiversity assessment method. The cost of the assessment will depend on the site, for example, its size, vegetation and location.
The landholder can recover these costs through the profit they receive from the sale of their credits.
The BCT will be considering options to assist landholders with low-cost finance to pay for the upfront costs of establishing an agreement, such as having their site assessed by an accredited assessor. These costs can subsequently be recouped through the sale of their biodiversity credits.
How will land management codes and allowable activities apply to my land under a private land conservation agreement?
Land secured under a private land conservation agreement must be managed for conservation. Land management codes made under the Local Land Services Amendment Act 2016 cannot be used on land subject to a private land conservation agreement. The agreement with the BCT will outline the allowable activities, such as clearing for maintenance of tracks and infrastructure, and environmental protection work. Other restrictions on development and activities on the site may also be included in the agreement itself.
How will mining proposals affect my private land conservation agreement?
Private land conservation agreements do not prevent mining activity or exploration on land. The Biodiversity Conservation Act 2016 includes consultation requirements prior to entering into a private land conservation agreement, to assess certain potential land use conflicts. It is necessary to obtain the consent of the holders of certain mining and petroleum interests before a biodiversity stewardship agreement can be entered into. However, it is possible that circumstances may arise when an agreement needs to be varied or terminated because mining is proposed for a site.
The Biodiversity Conservation Regulation 2017 includes new provisions to allow the Minister to require or request the reimbursement of establishment costs. In the case of conservation agreements, this may extend to other amounts if a biodiversity stewardship agreement or a conservation agreement is terminated because a mining or petroleum authority is subsequently granted on the site. These other amounts recoverable for conservation agreements may include costs incurred by the landowner or by government if the site received investment under the government’s private land conservation funding program.
How will my personal information be used on the register of private land conservation agreements?
The register of private land conservation agreements will include information that the community needs to understand about where and how investment in biodiversity conservation is occurring and to demonstrate that the land is being managed to protect biodiversity. The Biodiversity Conservation Regulation 2017 sets out that this information should include details of the owners, the location of the site, and any agreements and management plans made for the site. The register will be like the current register of biobanking sites.