Victorian Consolidated Legislation

Forestry Rights Act 1996 - SECT 12

Carbon rights agreements

12. Carbon rights agreements



(1) A forest property owner may enter into an agreement with a person to grant
the forest property owner's carbon sequestration right to that person.





(2) A carbon rights agreement must-

   (a)  be in writing; and

   (b)  specify the following-

   (i)  the parties to the agreement; and

   (ii) the land to which the agreement applies; and

   (iii) the rights and duties of the parties to the agreement; and

   (iv) the date or circumstances under which the agreement terminates.

(3) A carbon rights agreement may specify any other matters consistent with
the matters set out in subsection (2) to which the parties agree.