conservation covenants in the BBB. A conservation covenant could be a good incentive to maintain good gully management over time.
Apx Table C. 4 Strengths and challenges for implementation of voluntary conservation schemes
Strengths
� Conservation covenant is on title and applies in perpetuity
� Contract could be linked to financial payments for the upfront signing and ongoing management of the land under covenant. This would be subject to negotiation.
� Could be linked to other organizations such as Trust for Nature to administer the conservation covenant through a revolving fund
Challenges
� Conservation covenant applied at the state government level( which have geographical restrictions)
� Management agreement is not attached to title so not binding on future owners / managers
� Needs monitoring and compliance assessment to ensure the benefits are maintained
� Voluntary so unlikely to attract all of the target landholders
C. 1.5
Voluntary management agreements
These operate in a similar manner to conservation covenants except that they are not attached to the land title in perpetuity. Rather, they are a binding agreement with the current landholder. Although these agreements do not offer permanent protection, they may attract landholders that are worried about the effect of a covenant on their land value.
Apx Table C. 5 Strengths and challenges for implementation of voluntary management agreement
Strengths
� Introduction to a relationship with LDC / water quality programs
� Could lead to an agreement on title � Flexibility and an end
Challenges
� Management agreement is not attached to title so not binding on future owners / managers
� Needs monitoring and compliance assessment to ensure the benefits are maintained
� Voluntary so unlikely to attract all of the target landholders
C. 1.6
Industry codes / self-regulation
Industry self-regulation is the process where an organization or industry group monitors its own adherence to legal, ethical or safety standards rather than have these enforced by a third party. Industry codes of conduct and self-regulation, which largely occur through self-declaration, are increasing in popularity across a range of industries. Unfortunately, very few programs require any form of third-party verification. However, third-party verification requirements can be enormously complicated and costly to implement. There are some examples of successful third-party verification – ISO14001 for environmental management, ISO 9000 on quality management and SA 8000 on labour management, are examples. It has been found that industry standards with third party verification tend to result in better outcome performance( environmental performance, for example) compared to those who have not adopted( Lagace, 2018).
Landholders driving change: Exploring new incentives | 81