Details of benefit-sharing agreements in register
31 Details of benefit-sharing agreements in register
(1) If an agreement is negotiated on behalf of the Territory, the CEO must keep a copy of the agreement in the register.
(2) If an agreement is negotiated with a resource access provider who is not the Territory, the CEO must keep the following information in the register:
full details of the parties to the agreement;
(b) details of the time and frequency of entry to the area that has been agreed to be granted;
(c) the resources (including the name of the species, or lowest level of taxon, to which the resources belong, if known) of which samples have been agreed may be taken;
(d) the quantity of the resources that has been agreed can be removed from the area;
(e) the purpose of the taking of the resources, as disclosed to the resource access provider;
(g) the agreed disposition of ownership in the samples, including details of any proposed transmission of samples to third parties.
This Act’s bill:Explanatory statementSecond reading speech
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