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The Committee welcomes the policy intention of the Bill to ensure broader factors are taken into account when a manager decides how an asset might best be managed.
I am a qualified chartered accountant and am recognised as a Chartered Institute of Public Finance and Accountancyaccountant, which covers the private and public sector.
The grazed area will still exist even if livestock are not grazing on it, but will then be accounted for as ‘other’ agricultural biomass within the natural capital accounts.
The hope would be that any concerns about proposed minimum standards would be raised and taken account of and, if they were not, that there would be measures to deal with that.