Dealings in carbon rights

In force

(1)

A carbon right can be —

(a)

dealt with as a separate interest in land, except that it cannot be varied;

(b)

the subject of a caveat or process of execution.

(2)

The operation of subsection (1) is subject to —

(a)

Part IV Division 2A of the TLA; and

(b)

any provision of the TLA that applies by virtue of a carbon right being —

(i)

a separate interest in land;

(ii)

land within the meaning of the TLA;

(iii)

an encumbrance; or

(iv)

otherwise referred to in that provision.

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