The NSW Biodiversity Conservation Trust will provide updated Biodiversity Conservation Fund Charge Quotes for payments to the Biodiversity Conservation Fund (BCF) on 7 August, 2023.
The Biodiversity Offsets Payment Calculator Order 2022 allows for updates to various components of the BCF Charge System. The NSW Biodiversity Conservation Trust has updated the Econometric Model and both the Ecosystem and Species Cost Structure Models (including the species categorisation) and applied these to BCF Charge Quotes.
ALl applications received before midnight on 6 August will be issued with the 2022-2023 price and existing quotes will remain valid until the expiry date identified in the BCF Charge Quote Statement.
All applications received on or after Monday, 7 August will be issued with the updated 2023-2024 prices.
Proponents with a BCF Charge Quote issued since October 2022 may obtain an updated BCF Charge Quote Statement. This will replace the existing quote, and the amount to be paid to the BCF will be the amount in the new quote.
There may be some delays in issuing quotes through generating new prices.
However, the NSW Biodiversity Conservation Trust will aim to meet the 10 and 30 working day targets for small and large quotes, respectively.
Priority will be given to applications for a new BCF payment, followed by proponents seeking an updated BCF Charge Quote and then those using the Price Estimation Service.
Please note the transitional price cap remains in place until 17 October 2023.
Prices for credit types subject to the transitional price cap are unlikely to change with the 7 August BCF Charge Quote update, although some may decrease marginally.
Visit the Biodiversity Conservation Fund Charge System page to review the:
- Biodiversity Conservation Fund Charge Report;
- Obtain a charge quote or make a payment into the Biodiversity Conservation Fund; or,
- Obtain a biodiversity credits price estimate.