New Zealand Legislation: Regulations

6 Minister may enter into forest sink covenants if certain conditions are met

• The Minister may enter into a forest sink covenant with a landowner who has made an application under regulation 4 on the terms that the Minister thinks fit if the Minister is satisfied—

  • (a) with the landowner's application; and

  • (b) that—

    • (i) the land is Kyoto-compliant land; and

    • (ii) the landowner has paid any applicable fees, charges, or levies specified in Schedule 1; and

    • (iii) the landowner has submitted a suitable forest sink plan for the proposed forest sink.