Victorian Current Acts

CLIMATE CHANGE ACT 2017 - SECT 78

    (1)     A Carbon Sequestration Agreement may—

        (a)     grant a person a carbon sequestration right or soil carbon right in relation to Crown land for the term of the agreement; or

        (b)     authorise a person to do any of the following—

              (i)     access Crown land;

              (ii)     plant and maintain vegetation on Crown land for the purposes of carbon sequestration;

              (iii)     control and exploit carbon sequestered or to be sequestered within vegetation or soil on Crown land;

              (iv)     manage the land for the purpose of carbon sequestration;

        (c)     set out agreements in relation to related matters, including management objectives, harvesting and ownership of harvested material; or

        (d)     impose obligations on a person in relation to fire management, fire prevention and fire suppression on the Crown land to which the agreement applies; or

        (e)     provide for the following—

              (i)     the ending of the agreement and for the rights of the parties if the Minister ends the agreement under section 87;

              (ii)     the periodic review of any provisions of the agreement;

              (iii)     the manner of varying the agreement;

              (iv)     the circumstances in which compensation is payable under the agreement;

              (v)     the rehabilitation or reinstatement of land to which the agreement applies.

    (2)     A Carbon Sequestration Agreement cannot alter the ownership of forest produce.