| Offset conditions | 7 Offsets (Integrating Factor)
7-1 In view of the significant residual impacts and risks as a result of implementation of the proposal, the proponent shall contribute funds for the clearing of ‘good to excellent’ condition native vegetation in the Hamersley and Fortescue IBRA subregions, and calculated pursuant to condition 7-2. This funding shall be provided to a government-established conservation offset fund or an alternative offset arrangement providing an equivalent outcome as determined by the Minister.
7-2 The proponent’s contribution to the initiative identified in condition 7-1 shall be paid biennially, the first payment due on 31 May in the second year following the commencement of ground disturbance. The amount of funding will be made on the following basis and in accordance with the approved Impact Reconciliation Procedure required by condition 7-3:
(1) $750 AUD (excluding GST) per hectare of ‘good to excellent’ condition native vegetation cleared within the Mine Development Envelope and the Southern Access Road Development Envelope (delineated in Figure 1 and defined by the geographic coordinates in Table 1 and Table 3 of Schedule 2) within the Hamersley IBRA subregion;
(2) $750 AUD (excluding GST) per hectare of ‘good to excellent’ condition native vegetation cleared within the portion of the Western Access Road Development Envelope or the Northern Access Road Development Envelope (delineated in Figure 1 and defined by the geographic coordinates in Table 2 and Table 3 of Schedule 2) within the Hamersley IBRA subregion; and
(3) $1,500 AUD (excluding GST) per hectare of ‘good to excellent’ condition native vegetation cleared within the portion of the Western Access Road Development Envelope or the Northern Access Road Development Envelope (delineated in Figure 1 and defined by the geographic coordinates in Table 2 and Table 3 of Schedule 2) within the Fortescue IBRA subregion.
7-3 Within twelve months of the date of this Statement, the proponent shall prepare an Impact Reconciliation Procedure to the satisfaction of the CEO.
7-4 The Impact Reconciliation Procedure required pursuant to condition 7-3 shall:
(1) require the proponent to submit spatial data identifying areas of ‘good to excellent’ condition native vegetation that has been cleared;
(2) include a methodology for calculating the amount of clearing undertaken during each biennial time period;
(3) include a methodology for calculating the amount of temporary vegetation clearing for the access road that has commenced rehabilitation within twelve months of final commissioning of the haul road;
(4) state that the biennial time period commences on the 1 March prior to commencing ground disturbance. State that the due date for submitting the results of the Procedure for approval of the CEO is 31 March following the end of the first biennial period; and
(5) identify that any areas cleared within the access road development envelopes (delineated in Figure 1 and defined by the geographic coordinates in Tables 2, 3 and 4 of Schedule 2) that have not commenced rehabilitation within 12 months of final commissioning of the access road, are to be considered part of the access road development envelopes and must be included in the area subject to condition 7-2.
7-5 The real value of contributions described in condition 7-2 (1),7-2 (2) and 7-2 (3) will be maintained through indexation to the Perth Consumer Price Index (CPI), with the first adjustment to be applied to the first contribution.
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