Despite the efforts of the developer over the past year to source a local site, and then a regional site to fund a like-for-like biodiversity stewardship to offset their development, none were available.
As such, in September 2020 the NSW Biodiversity Conservation Trust confirmed to Council that the developer had paid their full conditioned offset obligation of $721,201.50 into the State’s Biodiversity Conservation Fund.
This fund was created by the NSW government to enable developers to proceed with the development while allowing the Trust to bundle credit obligations and secure strategic offset outcomes.