ARTICLE · 25 AUGUST 2015

Release of draft policy statement on EPBC Act advanced environmental offsets

Clayton Utz

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The draft policy statement sets out when the Commonwealth Department of the Environment will consider advanced offsets.

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Key Points:

The draft policy statement sets out when the Commonwealth Department of the Environment will consider to be advanced offsets.

The Commonwealth Department of the Environment has released a working draft of its policy statement on advanced environmental offsets under the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) for public consultation.

The draft policy statement provides guidance on the Commonwealth Government's approach to the use and consideration of advanced environmental offsets.

What is an advanced environmental offset?

An advanced environmental offset is the supply of an environmental offset for the future use, transfer or sale by proponents or offset providers. Unlike traditional environmental offsets, advanced offsets are put in place prior to any environmental impact occurring.

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