📜 Acts Amendment (Carbon Rights and Tree Plantation Agreements) Bill 2002
Legislative Assembly Second ReadingLA22 May 2002
This bill amends the Land Administration Act 1997, the Soil and Land Conservation Act 1945, the Stamp Act 1921, and the Transfer of Land Act 1893 to address issues related to the Carbon Rights Act 2002 and the Tree Plantation Agreements Act 2002.
Impact
Landowners, forestry businesses, and the government will be affected. It clarifies the legal framework for carbon rights and tree plantation agreements, potentially encouraging investment and sustainable land management.
Key Changes
["Allows the Minister to register the State as proprietor of carbon rights on Crown land and enter into carbon covenants.", "Exempts commercial harvesting of plantation products from certain soil conservation regulations if done according to a code of practice.", "Exempts certain timber sharefarming and tree plantation agreements from stamp duty.", "Amends the Transfer of Land Act 1893 to include carbon rights, carbon covenants and tree plantation agreements as instruments that can be registered."]
Parliamentary Progress
- LA IntroducedLA22 May 2002
- LA Second Reading MovedLA22 May 2002
Affected Sectors
agricultureenvironmentresourcesfinance
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