On Bernier and Dorre Islands the species shelters under dense thickets of shrubs such as Acacia ligulata, A. coriacea and Alectryon oleifolius on sandplains and Diplolaena grandiflora and Alectryon oleifolius on dunes. Other shrubs are used for shelter at translocation sites. Beneath these shrubs, it forms runways. Several individuals may be found sheltering in one patch of shrubs, although adults of each sex appear to live in well-defined individual home ranges or territories. Feeding takes place at night in open areas. Grasses usually make up less than half the dietary intake with the remainder being composed of malvaceous and leguminous shrubs and other dicotyledons (Richards et al. 2001, Prince and Richards 2008). DNA metabarcoding of Banded Hare-wallaby scat from Bernier, Dorre and Dirk Hartog Islands found that the species has a broad diet that includes grasses, forbs and shrubs (R. Stover unpublished data, pers. comm. 2024). At Mt Gibson different habitats are utilised.

The Banded Hare-wallaby formerly occurred in south-western Australia, the Nullarbor Plain, southern South Australia and western Victoria (Helgen and Flannery 2003). Subfossil material suggests that it may have been more widespread in the eastern part of its range in the Holocene and possibly also in early modern times. It became restricted to Bernier and Dorre Islands Nature Reserve, Shark Bay, Western Australia. It has been successfully introduced to Faure Island Sanctuary, Shark Bay, in several translocations between 2004-2013 (White et al. 2020), to a feral-predator proof fenced mainland island at Mt Gibson Wildlife Sanctuary, WA, in 2017-18 and to Dirk Hartog Island National Park in 2017-18. There is a small translocated subpopulation at Wadderin Sanctuary (427 ha), north of Narembeen, WA, which relies on supplementary food and water

Bernier, Dorre and Dirk Hartog Islands are protected areas. Faure Island and Mt Gibson Wildlife Sanctuary are pastoral leases managed by the Australian Wildlife Conservancy as wildlife sanctuaries. Regular monitoring of subpopulations is carried out. The species is listed on CITES Appendix I.

A multi-species recovery plan (Richards 2012) had the following actions relevant to L. fasciatus:

1.  Protect the wild populations and their habitat

2.  Monitor the wild populations

3.  Maintain captive populations (where appropriate)

4.  Maintain existing reintroduced populations

5.  Reintroduce western barred bandicoots, burrowing bettongs and banded hare-wallabies to suitable mainland and island sites (if available)

6.  Conduct research to determine the genetic relationships of isolated populations of each species

7.  Enhance community participation and education in the recovery of the western barred bandicoot, the burrowing bettong and banded hare-wallaby

8.  Manage the recovery program

The implementation of the recovery plan is well advanced with regards to managing the islands and implementing a monitoring program for the species. Reintroductions to Dirk Hartog Island and a fenced mainland island at Mt Gibson Wildlife Sanctuary in 2017-18 are progressing well and are being monitored A project to eradicate feral Cats on Dirk Hartog Island National Park has been completed with funding from the Gorgon Barrow Island Net Conservation Benefits Fund as well as to facilitate translocations. The captive colony at the Peron Breeding Centre, near Denham, Shark Bay, was closed in 2013. No reintroductions to unfenced mainland sites are planned because of the threat of predation by the feral cat and Red Fox.

The Banded Hare-wallaby is listed as Vulnerable under Australian environmental legislation.