The Federal Department of Climate Change, Energy, the Environment and Water has released the Nature Repair Rules (the rules) discussion paper, for comment, to test policy ideas in relation to proposed rules.
This consultation on legislative rules is intended to support the operation of the Nature Repair Market under the Nature Repair Act 2023. The Nature Repair Act 2023 came into effect on 15 December 2023, establishing a legislated, national, voluntary biodiversity market. The Nature Repair Market is expected to incentivise actions to restore and protect the environment. It encourages nature positive land management practices to deliver improved biodiversity outcomes.
The Department is developing the legal and policy content that will support the operation of the Nature Repair Market. This includes the making of subordinate legislative instruments, such as:
- the Nature Repair Rules (the rules)
- biodiversity assessment instruments (BAIs)
- methodology determinations (methods).
This consultation on the Rules is expected to ensure the market:
- delivers environmental integrity
- meets the needs of buyers and landholders
- delivers on the environmental priorities of the government.
Consultation on a BAI and a method will occur ahead of scheme commencement.
Feedback is sought via the online survey by 30 September 2024.
