📜 Forest Products Amendment Bill 2021
Assented toLABill 5020 October 2021
The Forest Products Amendment Bill 2021 amends the Forest Products Act 2000 to expand the Forest Products Commission's functions, allowing it to purchase and dispose of land, and trade in carbon assets from forest products on Commission-owned or controlled freehold land.
Impact
The bill affects the Forest Products Commission by expanding its powers related to land management and carbon trading. It may also affect landowners and businesses involved in forestry and carbon sequestration projects. It matters because it aims to facilitate carbon storage and trading related to forest products.
Key Changes
["Expands the definition of 'forest products' to include those on land purchased by the Commission.", "Allows the Commission to trade carbon assets from forest products on freehold land it owns or controls.", "Validates previous land purchases by the Commission.", "Prohibits Commissioners with conflicts of interest related to carbon trading."]
Parliamentary Progress
- LA IntroducedLA20 Oct 2021
- LA Second Reading MovedLA20 Oct 2021
- LA Consideration in DetailLA17 Mar 2022
- LC Second Reading MovedLC17 Mar 2022
- LA Second Reading AgreedLA17 Mar 2022
- LA Third ReadingLA17 Mar 2022
- LC Second Reading AgreedLC24 Mar 2022
- LC Third ReadingLC16 June 2022
- Royal Assent24 June 2022
Affected Sectors
agricultureenvironmentresources
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