Queensland Consolidated Acts Queensland Consolidated Acts(1) A benefit sharing agreement must be consistent with this Act.
(2) The agreement must state each of the following--
(a) the date the agreement is entered into;
(b) the agreement's term;
(c) the benefits of biodiscovery to be provided by the biodiscovery entity to the State;
(d) when the benefits are to be provided;
(e) if the benefits include the payment of amounts of money to the State--the amounts, or a way of working out the amounts;
(f) if native biological material, the subject of the agreement, is to be taken under a collection authority--the number, or other identification, of each authority under which the material is to be taken;
(g) what matters are reportable matters for the agreement;
(h) the biodiscovery entity's place of business.
(3) The agreement must also include any conditions, other than the conditions mentioned in section 35(1) and (2), of the agreement.