Carbon Sequestration Agreement may also include provisions relevant to orderly planning of land

In force

Subject to any enactment or law affecting the land, a Carbon Sequestration Agreement may include any provision that is relevant to the orderly planning of the land to which it applies including provisions for—

(a)

the allocation of risk between the Crown and any other party to the agreement; and

(b)

the responsibility for the performance of obligations affecting the land under any relevant law, including obligations with respect to the following—

(i)

fire management, fire prevention and fire suppression;

(ii)

water allocation;

(iii)

biodiversity conservation;

(iv)

mineral resource development and extractive industries;

(v)

compliance with any code of practice under any Act or subordinate instrument applying to the land.

This Act’s bill:Explanatory memorandum Second reading speech

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81 Carbon Sequestration Agreement may also include provisions relevant to orderly planning of land