credit owner and the purchaser (two-party negotiated trade), or more commonly between the purchaser and Third party offset an accredited broker on behalf of a credit owner (three-party negotiated trade). A third party offset is purchased as a native vegetation Contact details for accredited brokers and information credit from a credit owner. on trade prices and credit availability is available on Many landowners have entered into agreements to Department of Environment, Land, Water and Planning permanently protect and manage native vegetation to (DELWP’s) native vegetation offset web page at create native vegetation credits to sell to permit holders. The credits that the offset site provides are registered in the Native Vegetation Credit Register. 3. Search for new credit site Purchasing a third party offset Proponents who seeking an offset can contact their local council or accredited broker to ascertain whether their required offset is available. If an offset is not Permit holders wanting to purchase a third party offset currently available in the market, proponents will need have a number of options which are described below. to locate a new credit site to satisfy their requirements if they wish to proceed with a planning permit to clear 1. Over the Counter Program native vegetation. They can contact accredited site Over the Counter (OtC) programs have been assessors or other ecological consultants who will be established as a quick and easy way to purchase able to search for the required offsets. Note that only credits. The credits are available at a fixed price and an accredited site assessor can undertake an can be purchased quick and easy through an offset assessment of a credit site to be registered on the broker. These are available through some local councils Native Vegetation Credit Register. and through accredited brokers who have been engaged by credit owners to sell credits at a fixed price on their behalf. Contact details for accredited brokers and Over the Native Vegetation Credit Counter schemes is available on Department of Register Environment, Land, Water and Planning (DELWP’s) native vegetation offset web page at The Native Vegetation Credit Register regulates the establishment, sale and ownership of native vegetation credits. All third party offsets are registered and tracked through this register. 2. Trade by negotiation For more information regarding the Native Vegetation Credit Register go to or email Some credit owners trade their native vegetation nativevegetation.creditregister@delwp.vic.gov.au. credits by negotiated trade. The price and sale of these credits requires negotiation either directly between the
Third party offset A third party offset is purchased as a native vegetation credit from a credit owner. Many landowners have entered into agreements to permanently protect and manage native vegetation to create native vegetation credits to sell to permit holders. The credits that the offset site provides are registered in the Native Vegetation Credit Register. Purchasing a third party offset Permit holders wanting to purchase a third party offset have a number of options which are described below. 1. Over the Counter Program Over the Counter (OtC) programs have been established as a quick and easy way to purchase credits. The credits are available at a fixed price and can be purchased quick and easy through an offset broker. These are available through some local councils and through accredited brokers who have been engaged by credit owners to sell credits at a fixed price on their behalf. Contact details for accredited brokers and Over the Counter schemes is available on Department of Environment, Land, Water and Planning (DELWP’s) native vegetation offset web page at 2. Trade by negotiation Some credit owners trade their native vegetation credits by negotiated trade. The price and sale of these credits requires negotiation either directly between the credit owner and the purchaser (two-party negotiated trade), or more commonly between the purchaser and an accredited broker on behalf of a credit owner (three-party negotiated trade). Contact details for accredited brokers and information on trade prices and credit availability is available on Department of Environment, Land, Water and Planning (DELWP’s) native vegetation offset web page at 3. Search for new credit site Proponents who seeking an offset can contact their local council or accredited broker to ascertain whether their required offset is available. If an offset is not currently available in the market, proponents will need to locate a new credit site to satisfy their requirements if they wish to proceed with a planning permit to clear native vegetation. They can contact accredited site assessors or other ecological consultants who will be able to search for the required offsets. Note that only an accredited site assessor can undertake an assessment of a credit site to be registered on the Native Vegetation Credit Register. Native Vegetation Credit Register The Native Vegetation Credit Register regulates the establishment, sale and ownership of native vegetation credits. All third party offsets are registered and tracked through this register. For more information regarding the Native Vegetation Credit Register go to or email nativevegetation.creditregister@delwp.vic.gov.au.