Forest Management Act 2013

Subject to subsection (2), the person to whom a forestry compensation certificate is issued may assign the rights and entitlements associated with that certificate in part or in full to a person to whom the purchaser's rights and entitlements, under the wood supply contract to which the certificate relates, are assigned.

The assignment of the rights and entitlements associated with the forestry compensation certificate must correspond to the assignment of the purchaser's rights and entitlements under the wood supply contract to which the certificate relates.

If the person to whom a forestry compensation certificate is issued assigns to another person the rights and entitlements associated with that certificate in part or in full in accordance with subsection (1), the first-mentioned person is to – provide evidence to the Minister that the assignments referred to in subsection (1) have been effected; and deliver the certificate to the Minister; and deliver a copy of the contract by which the rights and entitlements, under the wood supply contract to which the certificate relates, are assigned.

On receipt of the evidence, forestry compensation certificate and contract, the Minister, if satisfied that the assignments referred to in subsection (1) have been effected, is to – issue to the assignee of the rights and entitlements under the forestry compensation certificate a new certificate to reflect the details of that assignment; and if any rights and entitlements under the forestry compensation certificate were not assigned by the assignor, issue to the assignor a new certificate in respect of those rights and entitlements that were not assigned.

On the issue of any new forestry compensation certificate or certificates in accordance with subsection (4), the forestry compensation certificate referred to in subsection (3) is cancelled.

The cancellation of a forestry compensation certificate in accordance with subsection (5) does not affect any claim to compensation under that certificate that accrued before its cancellation.