(1) The Minister may
enter into a management agreement with—
(a) an
assignor of credit under section 25B; or
(b) an
accredited third party provider of an environmental benefit under
section 25C.
(2) A management
agreement may contain such provisions for the management of the
relevant native vegetation as the Minister thinks fit, including (without
limiting the generality of this subsection)—
(a)
requiring specified work or work of a specified kind to be carried out in
accordance with specified standards on the land on which the relevant native
vegetation is growing or situated (the "subject land"); and
(b)
restricting the nature of work or other activities that may be carried out on
the subject land.
(3) A management
agreement attaches to the subject land and is binding on the current owner of
the subject land whether or not that owner was the person with whom the
agreement was made.
(4) The Minister may,
by agreement with the owner of the subject land to which a management
agreement applies, vary or terminate the agreement.
(5) A management
agreement is, to the extent specified in the agreement, binding on the
occupier of the subject land.
(6) The Minister must
not enter into, vary or terminate a management agreement under this section
without first consulting and obtaining the approval of the Council.
(7) If the Minister
enters into a management agreement, or an agreement varying or terminating a
management agreement, the Registrar-General must, on application by the
Minister, note the agreement against the relevant instrument of title or, in
the case of subject land not under the Real Property Act 1886 , against
the land (and, subject to an appropriate application under this subsection,
must ensure that the note is not removed once made).
(8) In this
section—
"relevant native vegetation" means the native vegetation that is the subject
of credit assigned under section 25B or that comprises the environmental
benefit achieved, or to be achieved, by the accredited third party provider
under section 25C (as the case requires).