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Contents (1995 - 101)
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Threatened Species Conservation Act 1995 No 101
Current version for 10 March 2017 to date (accessed 24 April 2017 at 19:21)
Part 7A Division 4 Section 127ZB
127ZB   Registration of transfer of biodiversity credit
(1)  The transfer of a biodiversity credit does not have effect until the transfer is registered by the Chief Executive under this Part.
(2)  An application for registration of a transfer of a biodiversity credit may be made to the Chief Executive by the parties to the transfer.
(3)  The application:
(a)  is to be made in a form approved by the Chief Executive, and
(b)  is to be accompanied by:
(i)  the fee (if any) for registration of the transfer approved by the Chief Executive, and
(ii)  such other information as the Chief Executive requires in relation to the transfer.
(4)  The Chief Executive registers a transfer by making a recording in the register of biodiversity credits in relation to the credit to indicate that the person to whom the credit has been transferred is the holder of the biodiversity credit.
(5)  If an application for the transfer of a biodiversity credit is duly made, the Chief Executive must register the transfer unless authorised or required to refuse to register the transfer by this Act or the regulations.
(6)  The Chief Executive must refuse to register a transfer of a biodiversity credit in respect of which an amount is required to be paid to the Biobanking Trust Fund unless satisfied that the amount required to be paid to that Fund has been so paid.
(7)  If the Chief Executive refuses to register a transfer of a biodiversity credit in respect of which an amount has been paid to the Biobanking Trust Fund, the Chief Executive may direct the Fund Manager to repay that amount to the person who paid it, and the Fund Manager is authorised to comply with that direction.