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Nature Positive Plan - better for the environment, better for business

Financial year
Purpose statement

Deliver the Nature Positive Plan: better for the environment, better for business (Nature Positive Plan), including: * $121.0 million over 4 years from 2023-24 to establish Environment Protection Australia to enforce environmental laws and restore confidence in Australia's environmental protection system * $51.5 million over 4 years from 2023-24 (and $4.5 million per year ongoing) to establish Environment Information Australia to provide an authoritative source of high-quality environmental information * $34.0 million over two years from 2023-24 to implement the Nature Positive Plan, including legislative reforms and national environment standards * $7.7 million in 2023-24 to continue developing the foundations of a Nature Repair Market, including detailed rules (methods) for different types of projects.

Budget Measure type
Description

The Government will provide $214.1 million over 4 years from 2023-24 (and $4.5 million per year ongoing) to deliver the Nature Positive Plan: better for the environment, better for business (Nature Positive Plan), including: * $121.0 million over 4 years from 2023-24 to establish Environment Protection Australia to enforce environmental laws and restore confidence in Australia's environmental protection system * $51.5 million over 4 years from 2023-24 (and $4.5 million per year ongoing) to establish Environment Information Australia to provide an authoritative source of high-quality environmental information * $34.0 million over two years from 2023-24 to implement the Nature Positive Plan, including legislative reforms and national environment standards * $7.7 million in 2023-24 to continue developing the foundations of a Nature Repair Market, including detailed rules (methods) for different types of projects. The Government will delay the start date of the biodiversity certificate component of the treatment for carbon abatement and biodiversity stewardship income from 1 July 2022 to 1 July 2024. This delay will align the start date of this component of the measure with the commencement of the Nature Repair Market. The Government will also expand the eligibility criteria for existing on-ground support programs that build capacity and support participation in carbon and biodiversity markets to include all landholders and, by broadening access to these funds, to more organisations beyond Natural Resource Management groups, including First Nations groups. The Government will consider future funding for the Nature Positive Plan when initial establishment work has been completed and ongoing administrative and operational requirements are better understood. This measure builds on the 2022-23 October Budget measure titled Response to the Samuel Review.

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.