(1)  For the purposes of paragraph (a) of the definition of offset in section 138 of the Act , each of the following is prescribed:

(a) the establishment of a covenant on land;

(b) activities (which may be, but are not required to be, set out in a plan for the management of natural values) for the purpose of protecting or enhancing the natural values of land, including, but not limited to, the protection, restoration or revegetation of the land;

(c) the monitoring of natural values of land, including, but not limited to, undertaking surveys of natural values.

(2)  For the purposes of subregulation (1)(a) , a covenant includes, but is not limited to –

(a) a covenant in gross registered in accordance with the Conveyancing and Law of Property Act 1884 ; and

(b) a conservation covenant within the meaning of Part 5 of the Nature Conservation Act 2002 .