Nature Repair 2023

# Nature Repair Market Bill 2023 ## What it does This law creates a national system where landowners, businesses, and conservation groups can register projects that restore or protect Australian wildlife and ecosystems. Once registered, these projects can generate tradeable credits—essentially a way to turn conservation work into a commodity that other companies can buy to offset their environmental impact. ## Why it matters It gives landowners a financial incentive to restore nature on their land, while giving companies a structured way to fund conservation. This could unlock private money for environmental protection without relying entirely on government funding. ## Key details - **Registration system**: Projects must apply to a federal regulator (the Nature Repair Regulator) and meet specific biodiversity standards before they can generate credits - **Flexibility built in**: Projects can change scope, transfer ownership, or be cancelled—the law spells out how each process works - **Conditions apply**: Registration can be conditional on getting other approvals (like from state regulators or Indigenous groups with native title claims) before the project can fully operate - **Voluntary participation**: There's no obligation for landowners to join—it's an opt-in market

🔒 Voting closed — this bill has been decided by parliament