On 31 January 2019, MIC reached agreement with the NSW Environment Minister to execute a biobanking agreement for the Commonwealth owned biodiversity offset land. The biobanking agreement will protect a 105-hectare biobank site – a quarter of the entire project area – holding sufficient biobanking credits to offset the majority of MIC-funded works.

The new ‘Moorebank Forest’ created by the biobank site will be preserved in perpetuity, ensuring significant flora and fauna are fully protected.