Land Title Act 1994

A carbon abatement interest over a lot—

is created by registering an instrument of carbon abatement interest for the lot; and

can not be created other than under this division.

An instrument of carbon abatement interest must—

be validly executed; and

include—

a description sufficient to identify the lot the subject of the interest; and

the terms of the interest; and

the period for which the interest is granted.

If the carbon abatement interest relates to a part of a lot, the instrument may only be registered if—

a plan of survey has been registered, designating the part of the lot as being the subject of a carbon abatement interest; and

the instrument includes a description identifying the part of the lot designated on the registered plan of survey.

This section does not limit the matters that the appropriate form for an instrument of carbon abatement interest may require to be included in the instrument.