The Minister for Customer Service has asked IPART to monitor the NSW Biodiversity Credits Market for a period of three years to identify how the market can be improved.
The Minister has provided IPART a draft Terms of Reference for our monitoring role. We are seeking submissions on these Terms of Reference to ensure that our monitoring of the market will have an appropriate scope. Submissions will close on 25 November 2022.
We may recommend the Minister make changes to the Terms of Reference as a result of the feedback we receive.