The BioBanking Scheme was a voluntary offsets scheme established under Part 7A of the Threatened Species Conservation Act 1995 (NSW). It began in July 2008 and was superseded by the Biodiversity Offsets Scheme when the Biodiversity Conservation Act 2016 (NSW) commenced on 25 August 2017.
The BioBanking Scheme was underpinned by the BioBanking Assessment Method, which was a framework for the repeatable and transparent assessment of:
- biodiversity impacts at development sites
- biodiversity gains at offset sites.
Biodiversity impacts and gains were quantified in BioBanking credits.