New South Wales Consolidated Acts

THREATENED SPECIES CONSERVATION ACT 1995 - SECT 127Z

127Z Transfers of biodiversity credits

(1) The holder of a biodiversity credit that is in force may transfer the credit to any person, subject to this section and the regulations.

(2) A biodiversity credit cannot be transferred if it has been suspended by the Director-General and the suspension is in force.

(3) The regulations may make further provision with respect to the transfer of biodiversity credits (including by prohibiting certain transfers of biodiversity credits).

(4) The transfer of a biodiversity credit does not affect any requirement imposed on the owner of a biobank site under a biobanking agreement. In particular, it does not affect any requirement that the owner carry out, or continue to carry out, management actions in respect of the land in relation to which the credit was created.