127K Management actions under biobanking agreement exempt
from Planning Act
(1) Management actions under a biobanking agreement for which
biodiversity credits may be created under this Part are taken to be exempt
development for the purposes of the Planning Act.
(2) For the purposes of section 76 (3) of that Act, a reference to the
environmental planning instrument in respect of such exempt development is
taken to be a reference to the biobanking
(3) The regulations may exclude any management actions from the
operation of this section.