Tree bond agreements—form and period
93 Tree bond agreements—form and period
A tree bond agreement must—
be in writing; and
be signed by both parties to the agreement; and
state the amount of tree bond for the agreement.
A tree bond agreement has effect—
on the date it is signed; and
for the period decided by the decision-maker and stated in the agreement, unless ended earlier in accordance with section 95.
For subsection (2) (b), the end of the period must not be more than 3 years after the day any activity carried out under an authorisation mentioned in section 92 (1) (a) is completed.
A tree bond agreement may be amended in writing by the parties, including by extending the period of the agreement.
A regulation may prescribe—
the amount of a tree bond; and
matters the decision-maker must or may take into account when deciding—
a tree bond amount; or
the period for which a tree bond has effect.
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