In a medium size mixing bowl sift together flour, bicarb soda, salt and baking powder.
In a large mixing bowl cream butter, white and brown sugars together until light and fluffy. Dribble vanilla into the creamed mixture. Beat the eggs, one at a time, into the mixture. Add the sifted ingredients to the creamed mixture. Beat until well mixed.
Pour chocolate chips, wheatgerm and oats into the mixture; fold into dough until well combined. Drop the dough by rounded teaspoonful onto an ungreased baking tray.
Bake 8 to 10 minutes or until the edges are just slightly brown. The biscuits will look undercooked but that is the correct consistency. Cool on a wire rack.