Kingborough Council (local government) has been using offsets through the development application process for several years in an informal manner. Offsets are negotiated on a case-by-case basis. The Council has a draft biodiversity offset policy in place and is developing a new metric and implementation framework for the policy. As of 2008, there were 15 offset negotiations underway.
| Date Established: 2006 | Status: Active | Program Type: One-Off Offset |
| About the program: | ||
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| Notes: State of Biodiversity Markets Report 2010; Tasmanian Designer Carrots Project Market Based Instruments in Tasmania Workshop Report (February 2009), http://www.nrmtas.org/whatsNew/south/documents/MBIreport_final.pdf | ||
| Bank regulator information: Kingborough Council | Last Updated: December 1, 2009 | |