27
In forceBenefit-sharing agreement required
Part 4Benefit-sharing agreements
27 Benefit-sharing agreement required
(1)
A bioprospector must enter into a benefit-sharing agreement with each resource access provider in relation to the resources to be taken under a permit.
(2)
The Minister may publish in the Gazette a model benefit-sharing agreement as a guide.
(3)
A benefit-sharing agreement is not valid unless the resource access provider has given prior informed consent to the terms of the agreement.
This Act’s bill:Explanatory statementSecond reading speech
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