The Regulator may, if certain criteria are satisfied, register a biodiversity project on application by an eligible person who is to be the project proponent, or one of the project proponents, of the project.

Division   3 provides for the registration of a registered biodiversity project to be varied.

Division   4 provides for the registration of a registered biodiversity project to be cancelled, either:

  (a)   voluntarily, with different procedures applying depending on whether a biodiversity certificate has been issued; or

  (b)   unilaterally by the Regulator, if the project or the project proponent does not satisfy certain conditions and requirements.

Division   5 provides for the rules to prescribe certain kinds of biodiversity projects as excluded biodiversity projects, which may not be registered.

Division   6 provides for the duration of a permanence period for a registered biodiversity project.