Matters CEO may consider
17 Matters CEO may consider
(1) The CEO must not enter into a benefit-sharing agreement unless the CEO is satisfied the terms of the agreement are fair to the Territory.
(2) The CEO may consider the reputation of the applicant in relation to the following matters when deciding to enter into a benefit-sharing agreement on behalf of the Territory:
compliance with recognised standards of operation;
commitment to ecological sustainability;
(c) compliance with conditions imposed in relation to permits and approvals (for example, approval by an ethics committee);
honouring commitments under benefit-sharing agreements.
This Act’s bill:Explanatory statementSecond reading speech
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