Queensland Consolidated Acts

BIODISCOVERY ACT 2004 - SECT 33

(1) The DSDI Minister may, for the State, enter into an agreement (a benefit sharing agreement) with a biodiscovery entity under which--

(a) the State gives the entity the right to use native biological material for biodiscovery; and

(b) the entity agrees to provide benefits of biodiscovery to the State.

(2) The Minister must not enter into a benefit sharing agreement with a biodiscovery entity unless the entity has an approved biodiscovery plan.

(3) The parties to a benefit sharing agreement may, at any time, amend the agreement.

(4) The Minister may delegate the Minister's powers under this section to the DSDI chief executive.