The Queensland Government has released the Queensland Biodiversity Offset Policy.
The policy is a specific-issue offsets policy under the Queensland Government Environmental Offsets Policy and is administered by the Department of Environment and Resource Management.
The purpose of this policy is to increase the long-term protection and viability of the state’s biodiversity, by limiting residual impacts from development on areas possessing State significant biodiversity values.
State significant biodiversity values are listed in Appendix 1 of the policy.
Under the Biodiversity Offset Policy, there will be certain development activities that might trigger the requirement for a biodiversity offset.
The policy commences on 3 October 2011.