62
CurrentWhat is mitigation
Part 4Mitigation
Division 1Provisions for SCL mitigation conditions
62 What is mitigation
(1)
Mitigation, for mitigated SCL land, means that either of the following, or a combination of the following, has taken place for the land’s mitigation value—
(a)
a payment to the mitigation fund;
(b)
the entering into of a mitigation deed.
(2)
The mitigation value of mitigated SCL land is the amount prescribed under a regulation.
Regulations
This provision refers to the regulations (a regulation
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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