CARBON RIGHTS ACT 2003 - SECT 9
CARBON RIGHTS ACT 2003 - SECT 9
9 . Dealings in carbon rights
(1) A carbon right can
be —
(a)
dealt with as a separate interest in land, except that it cannot be varied;
(b) the
subject of a caveat or process of execution.
(2) The operation of
subsection (1) is subject to —
(a) Part
IV Division 2A of the TLA; and
(b) any
provision of the TLA that applies by virtue of a carbon right being —
(i)
a separate interest in land;
(ii)
land within the meaning of the TLA;
(iii)
an encumbrance; or
(iv)
otherwise referred to in that provision.