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Creative Director » Biodiversity Stewardship Agreement

Biodiversity Stewardship Agreement

December 4, 2020

In the event of development, the assessor will complete a Biodiversity Assessment Report (BDAR) to determine the number and nature of the credits that must be purchased and withdrawn by the developer to compensate for the damage caused to biodiversity by their development. The BDAR must be submitted and approved with the development application and the credits acquired and withdrawn from the market before development can begin. However, a BSA cannot be registered for any country and there are requirements that must be met before an administrative site can be installed on that land, as shown below. In addition, the costs and effects of entering a BSA are not negligible and, therefore, a landowner should seek detailed advice before deciding to close a BSA. Landowners who set up biodiversity conservation territory on their land generate credits sold to developers or landowners to compensate for activity at other sites. In the case of a landowner, the evaluator will complete a Biodiversity Management Assessment (BSSAR) report to determine, in quantitative terms, the credits from a fiduciary area and the ongoing management measures necessary to preserve and improve the biodiversity of the site. Reforms to protect biodiversity have led to significant changes in the NSW planning system and have significantly changed the way biobiological diversity is assessed, managed and balanced. The reform package has introduced a number of new legislative instruments, including: as in the case of a biobanking agreement under the previous TSC Act, a BSA is an agreement between a landowner and the environment minister, according to which the landowner must implement certain “management measures” on a site , funded by payments to a biodiversity fund. This new legislation has repealed and replaced previous biodiversity conservation legislation, including the Threatened Species Conservation Act of 1995, the Nature Conservation Trust Act 2001, the Native Vegetation Act 2003 and parts of the National Parks and Wildlife Act 1974 and the Fisheries Management Act 1994. The Biodiversity Management Fact Sheet, developed by the South African National Biodiversity Institute, presents five types of biodiversity conservation agreements, ranging from informal non-binding agreements to officially declared protected areas.

Biodiversity conservation is based on voluntary agreements between landowners and conservation authorities, and landowners are supported by the government at different levels, depending on the level of biodiversity protection granted to the priority area concerned. The five types of biodiversity management agreements in the decreasing order of formal protection are: In simple terms, the BOS is a system for compensating for development-related or grubbing-up by the purchase and retirement of “biodiversity credits”.