CARBON RIGHTS ACT 2003 - SECT 5
CARBON RIGHTS ACT 2003 - SECT 5
5 . Registration of carbon right form to create carbon right
(1) A person may lodge
with the Registrar, for registration, a form for the creation of a carbon
right in respect of freehold land or Crown land.
(2) A carbon right
form cannot be registered unless —
(a) it
is in a form approved by the Registrar;
(b) it
contains a statement that it is for the creation of a carbon right under this
Act;
(c) it
contains the land description for the freehold or Crown land in respect of
which the proposed carbon right is to be created;
(d) it
identifies, if the proposed carbon right is to be in respect of part only of
the land referred to in paragraph (c), by way of words or a sketch, the part
of the land that is the subject of the proposed carbon right;
(e) it
specifies the term of the proposed carbon right, which can be in perpetuity;
and
(f)
there is compliance with section 104B of the TLA.