Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) An applicant for a nature conservation licence to access biological resources for commercial purposes in a reserve must enter into a benefit-sharing agreement with each access provider for the resources to enable the fair and equitable sharing of benefits derived from the use of the resources.
Note The conservator may make a model benefit-sharing agreement as a guide (see s 211 (2)).
(2) The conservator may, on behalf of the Territory as an access provider, enter into the benefit-sharing agreement.
(3) A benefit-sharing agreement takes effect only if a nature conservation licence for the proposed access is issued under chapter 11 (Nature conservation licences).