Biodiversity Credit Exchange
The Biodiversity Credit Exchange gives eligible landholders access to funding to protect, manage and restore areas of native vegetation on their land in order to generate biodiversity credits.
These credits are sold to buyers who are required to offset vegetation clearances in the same region. To see how the BCE works refer to the BCE Flyer.
The program has been successfully delivered in the Mid-North and the Murraylands regions and the Native Vegetation Council is planning to deliver the BCE on Eyre Peninsula in July 2022.
The Department for Environment and Water and the Eyre Peninsula Landscape Board will be delivering the next round of the BCE and will be seeking expressions of interest from landholders between 1 July 2022 and 27 July 2022. For more information, contact us on (08) 8303 9777 or email@example.com.
If you’re a landholder or lessee on the Eyre Peninsula with native vegetation to protect on your land, simply:
Step 1 – submit an Expression of Interest
Step 2 – site assessment
The field officer will visit your property at an agreed time to assess your potential credit site. The officer will determine the amount of credit that can be generated by your site and will discuss management options with you.
Step 3 – submit a bid
If your site is assessed as being suitable for the program, you will be invited to submit a bid. The bid will outline the price you are seeking to establish and maintain the credit site. It should cover costs associated with managing the site for ten years and any desired income. Bids will be assessed by the Native Vegetation Council based on:
- the potential for the site to achieve a significant improvement in biodiversity
- likely demand for credit
- value for money
- other relevant assessment criteria outlined in the BCE Application Criteria
Step 4 – enter funding agreement and Heritage Agreement
If your bid is successful you will be invited to enter into a funding agreement and Heritage Agreement. The funding agreement will include a ten year management plan prepared by the Native Vegetation Branch. The plan will outline the management actions you will need to implement to ensure that your site achieves the anticipated improvement in biodiversity.
Once the agreement is in place you will receive the amount you specified in your bid submission. This may include an initial upfront payment, followed by payments at certain intervals following the satisfactory completion of agreed actions and/or delivery of outcomes. The instalment amount and schedule will be negotiated with you. The credits that your site will generate will transfer to the Native Vegetation Credit Register and your credits will eventually be sold to eligible clearance applicants that need to offset their activities.
The Biodiversity Credit Exchange is currently in the early stages of securing landholders to generate biodiversity credits (also referred to as ‘SEB credits’).
The immediate focus is to establish credit on the Eyre Peninsula where demand for biodiversity credits is highest.
Once credit is available, you will be able to search an online register for credit that matches your offsetting requirements.
If a match is available, you can then submit an Application to Establish a SEB Area and Assign Credit to have the credit transferred to you as part of your clearance application.
Sign up to our e-newsletter for updates on the program.
- How the exchange works
- Landholder flyer
- Sample Management actions
- Expression of interest for site assessment form
- Policy for Significant Environmental Benefit under the Native Vegetation Act 1991 and Native Vegetation Regulations 2017
- Guide for calculating a Significant Environmental Benefit under the Native Vegetation Act 1991 and Native Vegetation Regulations 2017
- Clearance application register
- Clearance and Significant Environmental Benefit Process Chart