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NATIONAL PARKS AND WILDLIFE ACT 1974 - SECT 71BFA
Aboriginal Land Council may create and deal with carbon sequestration rights
(1) An Aboriginal Land Council may create and deal with
carbon sequestration rights in relation to reserved or dedicated lands vested
in the Aboriginal Land Council.
(2) For the purposes of subsection (1), the
Aboriginal Land Council may undertake activities incidental to or in
connection with the creating and dealing with, carbon sequestration rights.
(3) Without limiting subsection (2), an activity incidental to or in
connection with carbon sequestration rights includes a form of carbon benefit
from the following activities-- (a) revegetation,
(b) vegetation management,
(c) improvements in soil carbon,
(d) the management of feral animals,
(e)
fire management,
(f) carbon sequestered through land use changes or
rehabilitation,
(g) human-induced regeneration.
(4) A function under this
section may be exercised in relation to land only if the Aboriginal Land
Council is satisfied that exercising the function is consistent with the
objects of this Act.
(5) A function under this section may be exercised in
relation to land only with the agreement of the board of management for the
land.
(6) The Secretary may, subject to subsections (4) and (5), exercise
functions under this section on behalf of an Aboriginal Land Council, but only
at the request of the Aboriginal Land Council.
(7) The regulations may
prescribe other functions or activities that the Aboriginal Land Council may
take in relation to carbon sequestration rights.
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