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Biodiversity Conservation (Savings and Transitional) Regulation 2017
25Biodiversity Banking Account under TSC Act to become Biodiversity Stewardship Operations Account
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#### 25 Biodiversity Banking Account under TSC Act to become Biodiversity Stewardship Operations Account
25 Biodiversity Banking Account under TSC Act to become Biodiversity Stewardship Operations Account
> > (1) The Biodiversity Banking Account established by section 127ZZA of the [Threatened Species Conservation Act 1995](/view/html/repealed/current/act-1995-101) is abolished on the repeal of that Act.
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> > (2) On the abolition of the Biodiversity Banking Account, money standing to the credit of the Account becomes money standing to the credit of the Biodiversity Stewardship Operations Account established by section 6.39 of the new Act.
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> > (3) The repeal of section 127ZZ of the [Threatened Species Conservation Act 1995](/view/html/repealed/current/act-1995-101) does not affect the liability of a person to pay a contribution to the Minister (or the Minister’s ability to recover the contribution) under that section.