INCENTIVE TYPE INCENTIVE NAME ORGANISER / GOVERNMENT
Tax relief
Conservation covenants
Federal Gov: ATO, DoEE
QLD Gov: DoES
BRIEF SUMMARY
� Tax concessions are available for landowners who enter conservation covenants under the QLD Nature Refuge Program and Coordinated Conservation Areas Program
� Recognising that entering into the agreement reduces the value of the land, landholders can claim a tax deduction for this reduction in land value. Depending on circumstances, landholder may be eligible for income tax deduction or for concessional capital gains tax treatment.
ELIGIBILITY AND FURTHER DETAILS
� Landholder has to have voluntarily entered into and signed a nature refuge agreement with QLD Gov. on or after 1 / 7 / 02.
� http:// www. environment. gov. au / biodiversity / cons ervation / covenants / approvedprograms; https:// www. ehp. qld. gov. au / ecosys tems / naturerefuges / index. html; https:// www. ato. gov. au / no n-profit / gifts-and-fundraising / indetail / fundraising / claiming-conservation-covenantconcessions /
Tradeable credits |
Reef Credit Initiative |
Green Collar |
� Reef Credits are issued to projects that reduce flows of sediment, nutrients or pesticides into waterways and fulfil the schemes requirements.
� An independent crediting body will issue Reef Credits to landholders that have implemented projects that comply with approved methods for reducing nitrogen, sediment or pesticide losses. These Reef Credits can then be sold to government, industry and other organisations with an interest in saving the GBR.
� Anyone who is a land owner or land manager may have the potential to undertake a Reef Credit project which must use expertly designed methodologies that calculate or model the reduction of sediment and / or nutrients and pesticides flowing onto the GBR due to land management change activities such as revegetation, riverbank stabilisation, reduction of nitrogen runoff and general system repair Current pilot project is working with Terrain in the Wet Tropics.
� https:// greencollar. com. au / reef-credits /
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Tradeable credits
Carbon Farming Initiative
Federal Gov: DoEE � The Carbon Farming Initiative( CFI) allows farmers and land managers to earn carbon credits by storing carbon or reducing greenhouse gas emissions on the land. The CFI also helps the environment by encouraging sustainable farming and providing a source of funding for landscape restoration projects.
� Landholders implement carbon storage or emissions abatement activities using approved methods to generate carbon credits. Under the CFI, carbon credits may be earned from activities such as: reducing livestock emissions; increasing efficiency of fertiliser use; enhancing carbon in agricultural soil; storing carbon through revegetation and reforestation. These credits can then be sold to people and businesses wishing to offset their emissions.
� Anyone who is a landholder and undertakes an eligible activity using an approved methodology may be eligible. Carbon credits cannot be issued for business-as-usual activities. To be eligible, projects must deliver extra reductions in greenhouse gas emissions. Carbon credits can also only be issued for activities that bring lasting environmental benefits, seeking to ensure that carbon stored by CFI projects is maintained for at least 100 years, while allowing flexibility to change land uses in the future
Landholders driving change: Exploring new incentives | 99