At this point, all of the Australian and New Zealand offsets are compliance-based with most offsets determined on a case-by-case basis during the planning process. The 'buyers' of offsets are: urban residential and commercial developers, road-building agencies, water infrastructure, extractive industries, energy companies, and agricultural landowners. The providers of offsets are the development proponent, landowners, and the government. Most programs in the region could not provide market data like area, price, or transactions of offsets. There is considerable lack of private sector involvement in current market-based instruments in Australia and New Zealand. While many of the policies and programs allow third-party involvement there are disincentives to do so. The lack of legal severance from liability is also a barrier to private sector involvement. A developer needing an offset has the responsibility that the offset occurs and is managed according to requirements whether or not the developer creates its own offset or purchases an offset from a third party.
|Number of Active Programs: 11
List of Active Programs: Koala Offsets (Queensland), Marine Fish Habitat Offsets (Queensland), Vegetation Management Offsets (Queensland), BioBanking (New South Wales), Environmental Offsets (Western Australia), Environmental Offsets (Western Australia), Biodiversity Offsets (Tasmania), Kingborough Council Offsets (Tasmania), Native Vegetation and Scattered Tree Offsets (South Australia), BushBroker (Victoria), Property Vegetation Plan Offsets (New South Wales)
|Number of Programs in Development: 5
List of Programs in Development: Biodiversity Offsets (Queensland), Environmental Offsets policy (Australia), Regional Planning Offsets (Queensland), Darwin Harbour Offsets (Northern Territory), Waikato Region Biodiversity Offsets