(1) In determining whether to enter into a Carbon Sequestration Agreement in relation to Crown land, the Secretary must have regard to the following—
(a) the requirements of any Commonwealth law relating to the use of Crown land for carbon sequestration;
(b) the objectives and requirements of any relevant Act;
(c) the terms of any existing lease, licence or agreement that applies to the land;
(d) the desirability of preserving other legitimate uses of the land;
(e) the need to—
(i) balance economic, social and environmental considerations relevant to the land; and
(ii) manage Crown land for multiple purposes; and
(iii) maximise the value of Crown land, having regard to the objectives and principles of ecologically sustainable development; and
(iv) plan for the sustainable management of water and biodiversity in the relevant catchment; and
(v) protect persons and property from the risk of fire;
(f) any economic risks and opportunities associated with setting land aside for carbon sequestration purposes;
(g) the interests of indigenous groups in the relevant area.
(2) In addition to subsection (1), the Secretary may have regard to any other matters the Secretary considers relevant in the circumstances.