sec.18Electing how to deliver environmental offset

sec.18 Electing how to deliver environmental offset

This section applies if— under another Act, an offset condition has been, or may be, imposed on an authority; and the condition relates to the significant residual impact of a prescribed activity on a prescribed environmental matter. 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 proponent-driven offset; or a financial settlement offset; or a combination of a proponent-driven offset and a financial settlement offset. 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. The offset delivery plan must— describe how an environmental offset will be undertaken and the conservation outcome will be achieved; and 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 be signed by the entities mentioned in paragraph (b) ; and satisfy each other requirement prescribed by regulation for this section. For subsection (4) (a) , the offset delivery plan must— effectively account for and manage the risks of the environmental offset failing to achieve the conservation outcome; and 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 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. have transparent governance arrangements that can be readily measured, monitored, audited and enforced; and ensure the environmental offset is of a size and scale proportionate to the significant residual impact on the prescribed environmental matter. s 18 sub 2014 No. 59 s 13B amd 2019 No. 8 s 41 ; 2020 No. 3 s 136 sch 1 (sec.18-ssec.1) This section applies if— under another Act, an offset condition has been, or may be, imposed on an authority; and the condition relates to the significant residual impact of a prescribed activity on a prescribed environmental matter. (sec.18-ssec.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 proponent-driven offset; or a financial settlement offset; or a combination of a proponent-driven offset and a financial settlement offset. (sec.18-ssec.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. (sec.18-ssec.4) The offset delivery plan must— describe how an environmental offset will be undertaken and the conservation outcome will be achieved; and 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 be signed by the entities mentioned in paragraph (b) ; and satisfy each other requirement prescribed by regulation for this section. (sec.18-ssec.5) For subsection (4) (a) , the offset delivery plan must— effectively account for and manage the risks of the environmental offset failing to achieve the conservation outcome; and 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 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. have transparent governance arrangements that can be readily measured, monitored, audited and enforced; and ensure the environmental offset is of a size and scale proportionate to the significant residual impact on the prescribed environmental matter.