New South Wales Consolidated Acts New South Wales Consolidated ActsIn this Part:
"carbon sequestration right" and
"forestry right" have the same meanings as in section 87A of the
Conveyancing Act 1919 .
Note: A forestry right is defined in section 87A of the Conveyancing Act 1919 to include a carbon sequestration right in relation to land (carbon sequestration being the process by which a tree or forest absorbs carbon dioxide from the atmosphere). This Part applies to a forestry right only to the extent that it consists in whole or in part of a carbon sequestration right.
A forestry right is, for all purposes, taken to be a profit à prendre (see section 88AB of the Conveyancing Act 1919 ).