Environmental accounts submitted for native vegetation assets in 2014.
Native vegetation provides habitat for wildlife, and offers a range of ecosystem services that improve the productivity of land and improve human wellbeing. Nearly 70% of Australia is used to grow food and fibre, extract minerals and provide housing and urban amenities. These land uses, combined with the effects of feral animals and weeds, have resulted in modification of native vegetation and a corresponding decline in its condition. Effective management of native vegetation assets is increasingly recognised as critical for managing water quality, protecting against soil erosion, mitigating salinity and conserving biodiversity.