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Contents (1995 - 101)
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Threatened Species Conservation Act 1995 No 101
Current version for 14 July 2017 to date (accessed 20 August 2017 at 06:28)
Part 7A Division 5 Section 127ZG
127ZG   Application for retirement of biodiversity credits
(1)  The holder of a biodiversity credit that is in force may, by application in writing to the Chief Executive, retire the credit.
Note.
 Once the creation of a biodiversity credit is registered, it remains in force unless it is cancelled or retired—see section 127Y.
(2)  Any application to retire a biodiversity credit may be made by the holder of the credit:
(a)  for the purpose of complying with a credit retirement condition specified in a biobanking statement, or
(b)  for the purpose of complying with a direction made by the Minister or a court under this Part or under the National Parks and Wildlife Act 1974, or
(c)  for the purpose of complying with a condition of an approval or consent granted by the Minister under Part 3A, Part 4 or Part 5.1 of the Planning Act, or
(d)  on a voluntary basis.
(3)  If the Chief Executive accepts the application, the Chief Executive is to retire the biodiversity credit.
Note.
 Biodiversity credits may also be retired under Division 7.