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Contents (1995 - 101)
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Threatened Species Conservation Act 1995 No 101
Current version for 18 August 2017 to date (accessed 24 August 2017 at 16:51)
Part 7A Division 3 Section 127X
127X   Registration of biobank sites
(1)  The Chief Executive must register land as a biobank site if the Minister enters into a biobanking agreement under which the land is designated as a biobank site for the purposes of this Act.
(2)  The Chief Executive registers land as a biobank site by creating an entry in relation to the land in the register of biobank sites and recording in the register a description of the land and a copy of the biobanking agreement relating to that land.
(3)  Registration of land as a biobank site remains in force unless it is suspended or cancelled by the Chief Executive, by notice in writing to the owner of the land.
(4)  The Chief Executive must cancel the registration of land as a biobank site if there ceases to be any biobanking agreement in force that designates the land as a biobank site for the purposes of this Act.
(5)  The Chief Executive may suspend or cancel the registration of land as a biobank site if the owner of the land breaches any conditions of the biobanking agreement or contravenes a provision of this Part or the regulations under this Part.
(6)  The cancellation or suspension of registration of a biobank site does not affect any obligations of the owner of a biobank site under a biobanking agreement. In particular, it does not affect any requirement that the owner carry out, or continue to carry out, management actions in respect of the land, even though the owner ceases to be entitled (as a result of the cancellation or suspension) to create biodiversity credits.