Australian Capital Territory Current Acts

URBAN FOREST ACT 2023 - SECT 93

    (1)     A tree bond agreement must—

        (a)     be in writing; and

        (b)     be signed by both parties to the agreement; and

        (c)     state the amount of tree bond for the agreement.

    (2)     A tree bond agreement has effect—

        (a)     on the date it is signed; and

        (b)     for the period decided by the decision-maker and stated in the agreement, unless ended earlier in accordance with section 95.

    (3)     For subsection (2) (b), the end of the period must not be more than 3 years after the day any activity carried out under an authorisation mentioned in section 92 (1) (a) is completed.

    (4)     A tree bond agreement may be amended in writing by the parties, including by extending the period of the agreement.

    (5)     A regulation may prescribe—

        (a)     the amount of a tree bond; and

        (b)     matters the decision-maker must or may take into account when deciding—

              (i)     a tree bond amount; or

              (ii)     the period for which a tree bond has effect.