Wanted Credits List
Biodiversity credits that the BCT is interested in purchasing are listed in the Wanted Credits List here. We've put together an instructional video to guide you through the Wanted Credits List. We recommend you watch the video before accessing the list.
If you are an existing credit owner, or a landholder interested in establishing a biodiversity stewardship agreement on your property, we encourage you to view the Wanted Credits List and participate in the biodiversity credit open fixed price offer (Open FPO) if you are able to supply the listed credits.
The Wanted Credits List is updated on the first Wednesday of every alternate month, with the exception of June 2021, when the update will occur on the third Wednesday of that month (16 June 2021).
The Wanted Credit List was updated on 7 April 2021.
The next update will occur on 16 June 2021. This will be followed by updates on 4 August 2021, 6 October 2021, 1 December 2021 and 2 February 2022.
The updated Wanted Credit List will be available at 10am on the above dates. Applications for the Open FPO will be accepted for those credits from 4pm the same day.
Note also that the credits on the BCT’s Wanted Credit List are not listed on the Credit Demand Register maintained by the Department of Planning, Industry and Environment. Integration of the two listings is being considered as a future improvement.
How to use the Wanted Credit List
The Wanted Credit List comprises of three separate tables:
Table 1 – Ecosystem credits
Search for ecosystem credits wanted by the BCT by answering four questions at the top of the table. The questions require the following information on your credits:
- the presence or absence of hollow-bearing trees.
- the Offset Trading Group of the credits - Offset Trading Groups are groups of credit types that have similar characteristics, and
- the Plant Community Type (PCT),
- the IBRA subregion where the credits come from (or are proposed to be created),
For existing credit owners, this information is provided on the credit report or, for BBAM credits, on the statement of reasonable credit equivalence.
For interested landholders, this information is provided in a feasibility assessment prepared by an accredited assessor. New landholders who do not have a feasibility assessment can find out how to get started here.
The questions at the top of the table allows you to filter the list of ecosystem credits to see if the BCT wants the credits you have available. If the BCT does want your credits, the Wanted Credit List will identify the number of BAM credits the BCT is seeking to purchase. If the BCT doesn’t want your credits the search results will be empty.
Note that the search results for different filter questions cannot be combined or added. For example, the number of credits with a status of ‘Hollow-bearing tree – Present’ and ‘Hollow-bearing tree – Absent’ can’t be added together. This is because the BCT has already considered these combinations when determining the number of wanted credits.
Table 2A – Species credits wanted anywhere in NSW
Use this table as the first step in searching for species credits wanted by the BCT. The table lists species credits that are wanted from any IBRA subregion anywhere in NSW. Species are listed by threat status (i.e.; Critically Endangered, Endangered or Vulnerable) and then in alphabetical order. The question at the top of the table acts as a filter to quickly search for your credit type.
If the BCT does want your credits, the Wanted Credit List will identify the number of BAM credits the BCT is seeking to purchase.
If you can’t find the species credits you have available in this table, or you have more credits than listed in this table, then go to Table 2B.
Table 2B – Species credits wanted in specific subregions
Use this table if:
- you can find your species credits however you have more credits available for sale than the number wanted in Table 2A.
- you can’t find your species credits in Table 2A or
Table 2B lists a broader range of species credits that are wanted in specific subregions.
Use the filter questions at the top of the table to identify the IBRA subregion where your credits come from (or are proposed to be created) and whether the credits relate to an animal or plant species. If species credits are wanted in this subregion then they will be listed for either animal or plant species as:
- Any vulnerable animal (or plant) species.
- Any endangered animal (or plant) species
- Any critically endangered animal (or plant) species
If your species credits do not match these criteria, then the type of credits are not currently wanted by the BCT.
How does the Wanted Credit List work?
Credits are being sought by the BCT to acquit offset obligations received from developers who have paid into the Biodiversity Conservation Fund. The Wanted Credit List identifies all possible credits that could be used to acquit the obligations in accordance with the offset rules (refer to section 6.6 of the Biodiversity Conservation Regulation, 2017).
Table 1 identifies ecosystem credits that are wanted by the BCT under both ‘like for like’ and ‘variation’ offset rules. Table 2A identifies species credits wanted in any subregion in NSW under ‘like for like’ rules. Table 2B identifies species credits wanted in specific subregions under ‘variation’ rules.
We've put together an instructional video to guide you through the Wanted Credits List. We recommend you watch the video before accessing the list.