Bill
Nature Repair Bill 2023
passed, as at 2023-12-14. Climate Change, Energy, the Environment and Water portfolio.
- Sponsor
- Not recorded
- Portfolio
- Climate Change, Energy, the Environment and Water
Recorded stages
- introduced — 2023-03-29
- second reading — 2023-03-29
- second reading — 2023-06-13
- second reading — 2023-06-14
- second reading — 2023-06-15
- second reading — 2023-06-19
- second reading — 2023-06-21
- second reading — 2023-06-21
- committee — 2023-06-21
- third reading — 2023-06-21
- introduced — 2023-07-31
- second reading — 2023-07-31
- second reading — 2023-12-05
- second reading — 2023-12-05
- committee — 2023-12-05
- third reading — 2023-12-05
- other — 2023-12-07
- passed — 2023-12-07
- royal assent — 2023-12-14
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2023-03-29.
The bill would create a voluntary national market where landholders can earn tradeable certificates for projects that protect or improve biodiversity.
The Clean Energy Regulator would run the scheme, registering projects, issuing certificates, keeping a public register and enforcing compliance.
Projects would have a permanence period of either 25 or 100 years unless a different period is set in the applicable method.
- Establishes a framework for a voluntary biodiversity market.
- Creates tradeable certificates tracked through a national register.
- Sets up the Nature Repair Market Committee of independent experts to advise the minister on methods.
- Requires project proponents to monitor and report on biodiversity outcomes.
- Gives native title holders the final say on biodiversity projects on native title areas.
- Aligns the scheme with the Carbon Credits (Carbon Farming Initiative) Act 2011.
Eligible landholders, Aboriginal persons, Torres Strait Islanders, conservation groups, corporations, governments and farmers could participate as project proponents or certificate purchasers.
Sources
em
em revised
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frl act