Victorian Current Acts Victorian Current Acts(1) This section applies to Crown land that is managed or controlled by a public authority or is subject to a lease, licence, instrument or agreement under any other Act.
(2) The ownership of carbon sequestered on Crown land to which this section applies is subject to the provisions of the Act under which the land is managed, controlled, leased or licensed, or the instrument or agreement is made or entered into, and to the terms of the lease, licence, instrument or agreement.
(3) The licensee of a plantation licence granted under Part 3A of the Victorian Plantations Corporation Act 1993 before 1 July 2011 is entitled to a carbon sequestration right in relation to the land during the duration of the plantation licence.
Division 3—Carbon Sequestration Agreements