Document ID: chunk:federal_register_of_legislation:F2024C01281:clause:1ab_580
Version: federal_register_of_legislation:F2024C01281
Segment Type: clause
Provision Reference: sch 1AB cl 580
Character Range: 1382149–1386087

580       National Biodiversity Market                                                                                                                         To support the operation of a national biodiversity market by providing funding:
                                                                                                                                                               (a) for the development of innovative ways of assessing and monitoring biodiversity change at the project and landscape scale; and
                                                                                                                                                               (b) for research partnerships to support the delivery of methods and inputs for biodiversity assessment; and
                                                                                                                                                               (c) to ensure that key biodiversity assessment methods, models and information sources are fit for purpose to support the operation of the biodiversity market; and
                                                                                                                                                               (d) to assist organisations and persons, including natural resource management organisations, to improve their understanding of environmental markets; and
                                                                                                                                                               (e) to enable organisations and persons, including natural resource management organisations, to assist landholders in developing and implementing projects under existing and emerging environmental markets, including under the Carbon Credits (Carbon Farming Initiative) Act 2011; and
                                                                                                                                                               (f) to expand a project development and market platform to include an automated trading system for the private sector and landholders.
                                                                                                                                                               This objective has the effect it would have if it were limited to measures:
                                                                                                                                                               (a) with respect to postal, telegraphic, telephonic, and other like services (within the meaning of paragraph 51(v) of the Constitution); or
                                                                                                                                                               (b) to give effect to Australia's obligations under one or more of the following:
                                                                                                                                                               (i) the Convention on Biological Diversity, particularly Articles 8 and 10;
                                                                                                                                                               (ii) the Kyoto Protocol to the United Nations Framework Convention on Climate Change, particularly Article 10;
                                                                                                                                                               (iii) the United Nations Framework Convention on Climate Change, particularly Article 4; or
                                                                                                                                                               (c) undertaken in the exercise of the executive power of the Commonwealth.