CARBON RIGHTS ACT 2003 - SECT 3

CARBON RIGHTS ACT 2003 - SECT 3

3 .         Definitions

                In this Act —

        affected land , in relation to a carbon right, means the land in respect of which the carbon right is registered;

        burdened land , in relation to a carbon covenant, means the land in respect of which the covenant is registered as a burden;

        carbon covenant means an interest in land referred to in section 12(1)(a);

        carbon covenant form means a form that is lodged under section 11(1);

        carbon release means the release into the atmosphere of carbon that has been stored in land or in anything on land;

        carbon right means an interest in land referred to in section 6(1)(a);

        carbon right form means a form that is lodged under section 5(1);

        carbon sequestration means —

            (a)         the absorption from the atmosphere of carbon dioxide by land or anything on land; and

            (b)         the storage of carbon in land or in anything on land;

        Crown land has the same meaning as it has in the Land Administration Act 1997 ;

        land has the same meaning as it has in the Land Administration Act 1997 ;

        owner , in relation to freehold land, means a person whose name is registered as a proprietor of the freehold land;

        registered means registered under the TLA;

        Registrar means the Registrar of Titles;

        relevant carbon right , in relation to a carbon covenant or a proposed carbon covenant, means the carbon right in relation to which the covenant is, or is to be, entered into;

        TLA means the Transfer of Land Act 1893 .