Threatened Species Conservation Act 1995 No 101
127ZA Payment of amount into Biobanking Trust Fund on first
transfer of credit
(1) The regulations may require a specified amount to be paid into the
Biobanking Trust Fund before a first transfer of a biodiversity credit is
registered under this Division.
(2) The amount to be paid into the Biobanking Trust Fund, or the
manner of its calculation, is to be as specified in the
(3) The regulations may specify exemptions from the requirement to pay
an amount into the Biobanking Trust Fund on the first transfer of the credit.
If, because of such an exemption, no amount is payable to the Biobanking Trust
Fund in respect of a first transfer of a credit, the regulations may require
the amount to be paid into the Biobanking Trust Fund in respect of any
subsequent transfer of the credit before the transfer is
(4) If a biodiversity credit is retired or proposed to be retired
without having been transferred by the owner of a biobank site, the
regulations may require any amount that would have been payable if the
biodiversity credit had been transferred to be paid into the Biobanking Trust
Fund before the credit is retired.