Queensland Consolidated Acts Queensland Consolidated Acts(1) The owner of land may enter into an agreement with another person (the benefited person) about a natural resource product on the land.
(1A) However, if the land is land held under the Land Act 1994, the owner may enter into an agreement only if the natural resource product is owned by the owner as an improvement, within the meaning of that Act, on the land.
(2) If the land is mortgaged, the owner may only enter into the agreement with the mortgagee's consent.
(3) The agreement may do 1 or more of the following--
(a) vest all or part of the natural resource product in the benefited person;
(b) grant the benefited person the right to enter the land to do either or both of the following--
(i) establish, maintain or harvest the natural resource product;
(ii) carry out works or activities for the natural resource product;
(c) grant the benefited person the right to deal with the natural resource product.
(4) Despite subsection (3)(a), the vesting of natural resource product under the agreement does not create an interest in land under the Land Act 1994 or the Land Title Act 1994.
(5) The benefited person's rights to the natural resource product under the agreement are a profit a prendre for the Land Act 1994 or the Land Title Act 1994.
(6) This section does not limit the owner's power to enter into an agreement about the natural resource product.
(7) In this section--
land means--
(a) land held under the Land Act 1994 under a lease that allows the land to be used for agricultural or timber plantation purposes; or
(b) land held under the Land Title Act 1994.
natural resource means a tree or vegetation.
owner means--
(a) for land held under the Land Act 1994--the lessee of the land; or
(b) for land held under the Land Title Act 1994--the registered owner of the land.