The value of land does not include the value of any of the following on or in the land—
(a) geothermal energy as defined under the Geothermal Energy Act 2010 ;
(b) GHG storage reservoirs as defined under the Greenhouse Gas Storage Act 2009 ;
(c) minerals;
(d) petroleum as defined under the Petroleum and Gas (Production and Safety) Act 2004 ;
(e) timber.