New South Wales Repealed Acts

This legislation has been repealed.

THREATENED SPECIES CONSERVATION ACT 1995 - SECT 127ZN

127ZN Form and conditions of biobanking statement

(1) A biobanking statement must:

(a) describe the development to which the statement relates, and

(b) specify any conditions applicable to the statement, being conditions of the following kind:

(i) a condition or conditions relating to the onsite measures that must be taken in connection with the development to minimise any negative impact on biodiversity values,

(ii) a credit retirement condition, being a condition that specifies the number and class of biodiversity credits (if any) that are to be retired to ensure that the development improves or maintains biodiversity values, and the timing of that retirement.

(2) If the biobanking statement specifies a credit retirement condition, it must also describe any deferred retirement arrangement that applies in respect of the credit retirement condition.

(3) A biobanking statement is to be issued in a form approved by the Chief Executive.

(4) The Chief Executive may, before issuing a biobanking statement, provide a draft of the statement proposed to be issued to the applicant.

(5) The Chief Executive may provide a copy of a biobanking statement, or a draft of a statement proposed to be issued by the Chief Executive, to the Minister administering the Planning Act, a consent authority, a determining authority (within the meaning of Part 5 of that Act), or to any other person prescribed by the regulations.