Native Vegetation SEB Credit Register

The Native Vegetation SEB Credit Register is a public record of established and potential SEB credit.

View the Native Vegetation (SEB) Credit Register

Process for purchasing SEB credit

You can engage an Accredited Third Party Broker if you do not want to be involved in the credit negotiation or transaction processes, otherwise, follow steps 1-5.

1. Search the credit register for availability of suitable established credit (criteria for suitability are outlined in the SEB Policy). Note that if a site is listed as a ‘potential credit site’ then the owner of that land must first apply to the Native Vegetation Council to establish the credit before steps 2-5 can be carried out.
2. Discuss with the credit holder if they wish to sell their credit and ask for a starting price. The price of credits is set by the credit holder and may be negotiable. Credit sale negotiations between a clearance applicant and the credit holder are confidential, and the Native Vegetation Council is not involved in setting the price or managing any private agreements/contracts that may be required.
3. If a purchase of credit is agreed between you and the credit holder, then the credit holder must seek approval from the Native Vegetation Council to ‘assign’ their credit to you, using the Application to Establish and/or Assign SEB Credit form (note that if you are a clearance applicant, this form should be submitted with reference to your clearance application, so you will need to provide a clearance application number or clearance details to the credit holder).
4. The Native Vegetation Council will assess the application and give their decision in a Decision Notification to the relevant parties.
5. If the application is approved, the credit sale arrangement can then be completed.

The Native Vegetation Branch updates the Native Vegetation SEB Credit Register with the details of credit assignments and the credit balance of the credit holder is reduced according to the amount of credit assigned.