Corporation of the Society of the Missionaries of the Sacred Heart BioBank

The Corporation of the Society of the Missionaries of the Sacred Heart BioBank is a 80-hectare property near Camden in Western Sydney. The property includes 36 hectares of critically endangered Cumberland Plain Woodland, and habitat for 17 threatened species. Buyers have already been secured, with the Sydney Growth Centres Biodiversity Offset Program purchasing two-thirds of the credits now (total of 607 ecosystem credits), and the remainder in August 2010. The Growth Centres funnels levies from developers in southwest and northwest Sydney. The purchase of credits will offset planned development of 180,000 additional houses over the next 40 years.

Transactions of transfers from this BioBank site were registered in the BioBanking register in 2010, totalling AUD $1,555,741 (or US$ 1,498,614, converted in Dec 2010). The Missionaries of the Sacred Heart was required to deposit roughly AUD $500,000 (2010) to the BioBank Trust Fund. The remaining funds went to the landowner as profit.

Bank Statistics

Date Established: 2010 Status: Active Bank Size: 80.0000 hectares
Country: Australia State/Province: New South Wales Other Location: Camden
Species/Habitat types:

Grey Box - Forest Red Gum grassy woodland on flats of the Cumberland Plain, Sydney Basin; Narrow-leaved Ironbark - Broad-leaved Ironbark - Grey Gum open forest of the edges of the Cumberland Plain, Sydney Basin; Red Bloodwood - Grey Gum woodland on the edges of the Cumberland Plain, Sydney Basin; Smooth-barked Apple - Red Bloodwood - Sydney Peppermint heathy open forest in sandstone gullies of western Sydney, Sydney Basin

Credits Awarded: 607 Credits Sold: 400
Program in which the bank operates: BioBanking (New South Wales)
Bank Contact Information:
Bank Regulator Information:

New South Wales Department of Environment, Climate Change and Water

Data Source:

BioBank registry: http://www.environment.nsw.gov.au/bimspr/index.htm; 2010 press release on first biobank: http://www.environment.nsw.gov.au/resources/MinMedia/MinMedia10051701.pdf; 2010 EKO-ECO.com blog post on the first BioBank site: http://eko-eco.com/archive/australia-new-south-wales-announces-its-first-official-biobank.php

Last Updated: March 14, 2011