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ENVIRONMENTAL OFFSETS ACT 2014 - SECT 18
Electing how to deliver environmental offset
(1) This section applies if— (a) under another Act, an offset condition has
been, or may be, imposed on an authority; and
(b) the condition relates to
the significant residual impact of a prescribed activity on a
prescribed environmental matter.
(2) An entity may, by notice in the approved
form given to the administering agency for the offset condition, elect to
deliver an environmental offset for the prescribed activity, or for a stage of
the prescribed activity, by— (a) a proponent-driven offset; or
(b) a
financial settlement offset; or
(c) a combination of a
proponent-driven offset and a financial settlement offset.
(3) A notice of
election that involves a proponent-driven offset must be accompanied by a plan
(an
"offset delivery plan" ) about how the entity will undertake the offset.
(4)
The offset delivery plan must— (a) describe how an environmental offset will
be undertaken and the conservation outcome will be achieved; and
(b) state
that the entity, and any other entity that owns land on which the
environmental offset will be undertaken, agree to the offset being undertaken;
and
(c) be signed by the entities mentioned in paragraph (b) ; and
(d)
satisfy each other requirement prescribed by regulation for this section.
(5)
For subsection (4) (a) , the offset delivery plan must— (a) effectively
account for and manage the risks of the environmental offset failing to
achieve the conservation outcome; and
(b) ensure the environmental offset
provides benefits in relation to the prescribed environmental matter in
addition to any other benefit provided under a requirement of, or of an
authority under, an Act; and Example for paragraph (b)— Ensuring an
environmental offset in relation to the management of a pest provides benefits
in addition to a landowner’s obligation under the Biosecurity Act 2014 ,
section 23 to take all reasonable and practical measures to prevent or
minimise a biosecurity risk within the meaning of that Act.
(c) have
transparent governance arrangements that can be readily measured, monitored,
audited and enforced; and
(d) ensure the environmental offset is of a size
and scale proportionate to the significant residual impact on the
prescribed environmental matter.
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