ENVIRONMENTAL OFFSETS ACT 2014 - SECT 7 What is an offset condition and an environmental offset

ENVIRONMENTAL OFFSETS ACT 2014 - SECT 7

7 What is an offset condition and an environmental offset

(1) Under another Act, an administering agency may impose a condition (an
"offset condition" ) on an authority under the other Act for a prescribed activity for a prescribed environmental matter that—

(a) requires an environmental offset to be undertaken; or

Examples of environmental offsets for paragraph (a)—

• carrying out work to maintain the viability of a prescribed environmental matter

• preparing a plan about a prescribed environmental matter

• conducting scientific research or an education program

(b) otherwise relates to an environmental offset.

Example for paragraph (b)—

payment of a financial settlement offset

(2) An
"environmental offset" is an activity undertaken to counterbalance a significant residual impact of a prescribed activity on a prescribed environmental matter.

(3) However, an environmental offset for a prescribed environmental matter that is a protected area, other than a special wildlife reserve or nature refuge, may include the delivery of any activity that provides a social, cultural, economic or environmental benefit to any protected area.