CARBON RIGHTS ACT 2003 - SECT 10
CARBON RIGHTS ACT 2003 - SECT 10
10 . Entering into carbon covenants
(1) The proprietor of
a carbon right may, in relation to any matter that affects or might affect
carbon sequestration or carbon release occurring in relation to the affected
land, enter into a covenant with one or more persons who have an interest in
land.
(2) The covenant can
be for a right, obligation (which can include a positive covenant) or
restriction in relation to land.
(3) The persons’
interests in land referred to in subsection (1) need not be in respect of the
same land.