New South Wales Consolidated Acts

NATIONAL PARKS AND WILDLIFE ACT 1974 - SECT 82B

82B Minister may create and deal with carbon sequestration rights

(1) The Minister may create and deal with carbon sequestration rights in relation to land acquired, reserved or dedicated under this Act, other than land reserved or dedicated under Part 4A.

(2) For the purposes of subsection (1), the Minister may undertake activities incidental to or in connection with 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 Minister is satisfied that exercising the function is consistent with the objects of this Act.

(5) A function under this section may not be exercised in relation to land of which a state conservation area trust, regional park trust or local council has care, control and management under this Act unless the Minister has consulted with, and considered advice given by, the trust or council.

(6) The regulations may prescribe other functions or activities that the Minister may exercise or take in relation to carbon sequestration rights.