59
In forcePurpose of Forestry and Carbon Management Agreement
Part 7Forestry rights, carbon sequestration rights andsoil carbon rights on private land
Division 3Forestry and Carbon Management Agreements
59 Purpose of Forestry and Carbon Management Agreement
(1)
The purpose of a Forestry and Carbon Management Agreement is to provide for the imposition of management obligations in relation to any of the following—
(a)
carbon sequestration by vegetation;
(b)
carbon sequestration underground;
(c)
the management of vegetation.
(2)
An obligation under a Forestry and Carbon Management Agreement is not a restrictive covenant.
(3)
An obligation under a Forestry and Carbon Management Agreement may be positive or negative in nature.
This Act’s bill:Explanatory memorandumSecond reading speech
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