The Commonwealth Government has released its new Environmental Offsets Policy (Policy) under the Environmental Protection and Biodiversity Conservation Act 1999 (EPBC Act).
The Policy, which opened for comment in August 2011 as part of the Government’s national environmental law reform agenda, replaces the draft 2007 statement and includes a greater focus on direct offsets. It also applies to any new referrals and variations to approval conditions from 2 October 2012 and to any proposed actions currently under assessment in respect of which a decision has not yet been made.
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