Kingborough Council Offsets (Tasmania)

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.

Program Statistics

Date Established: 2006 Status: Active Program Type: One-Off Offset
About the program:
Annual size of program (area): (acre) Year of Data:
Cumulative size of program (area): (acre) Years of Data: -
Annual payments of program (US$): Year of Data:
Cumulative payments of program (US$): Years of Data: -
Notes on program size or payments:
Species or habitat types (if applicable):
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