unalienated Crown land for and on behalf of the Crown. 44 Carbon sequestration on encumbered Crown land (1) This section applies to Crown land that is managed or controlled by a public authority or is subject to a lease, licence, instrument or agreement under any other Act. (2) The ownership of carbon sequestered on Crown land to which this section applies is subject to the provisions of the Act under which the land is managed or controlled, or leased or licensed or the instrument or agreement is made or entered into and to the terms of the lease, licence, instrument or agreement. (3) The licensee of a plantation licence granted under Part 3A of the Victorian Plantations Corporation Act 1993 before the commencement of this section is entitled to a carbon sequestration right in relation to the land during the duration of the plantation licence. Division 3—Carbon Sequestration Agreements 45 Carbon Sequestration Agreements s. 45 (1) The Secretary may enter into a Carbon Sequestration Agreement in relation to Crown land— is subject to a relevant Act; or
unalienated Crown land for and on behalf of the Crown. 44 Carbon sequestration on encumbered Crown land (1) This section applies to Crown land that is managed or controlled by a public authority or is subject to a lease, licence, instrument or agreement under any other Act. (2) The ownership of carbon sequestered on Crown land to which this section applies is subject to the provisions of the Act under which the land is managed or controlled, or leased or licensed or the instrument or agreement is made or entered into and to the terms of the lease, licence, instrument or agreement. (3) The licensee of a plantation licence granted under Part 3A of the Victorian Plantations Corporation Act 1993 before the commencement of this section is entitled to a carbon sequestration right in relation to the land during the duration of the plantation licence. Division 3—Carbon Sequestration Agreements 45 Carbon Sequestration Agreements s. 45 (1) The Secretary may enter into a Carbon Sequestration Agreement in relation to Crown land— is subject to a relevant Act; or