Document ID: chunk:federal_register_of_legislation:C2024C00490:section:87
Version: federal_register_of_legislation:C2024C00490
Segment Type: section
Provision Reference: s 87
Character Range: 183050–183876

87  100‑year permanence period
 (1) For the purposes of this Act, the 100‑year permanence period for an eligible offsets project is:
 (a) 100 years; or
 (b) if, at the time when the declaration of the project as an eligible offsets project was made, a greater number of years was specified in the regulations or the legislative rules—that greater number of years.
 (2) However, if:
 (a) the regulations or the legislative rules specify a number of years that is less than 100 years; and
 (b) those regulations or legislative rules, as the case may be, are made after the time when the declaration of a project as an eligible offsets project was made;
then, despite subsection (1), that lesser number of years is the 100‑year permanence period for the eligible offsets project.

Division 2—General relinquishment requirements