Commonwealth Consolidated Acts

GREAT BARRIER REEF MARINE PARK ACT 1975 - SECT 3AB

                   For the purposes of this Act, the following principles are principles of ecologically sustainable use :

                     (a)  decision-making processes should effectively integrate both long-term and short-term environmental, economic, social and equitable considerations;

                     (b)  the precautionary principle;

                     (c)  the principle of inter-generational equity--that the present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations;

                     (d)  the conservation of biodiversity and ecological integrity should be a fundamental consideration in decision-making;

                     (e)  improved valuation, pricing and incentive mechanisms should be promoted.