Document ID: chunk:federal_register_of_legislation:C2025C00131:section:3ab
Version: federal_register_of_legislation:C2025C00131
Segment Type: section
Provision Reference: s 3AB
Character Range: 32768–33525

3AB  Principles of ecologically sustainable use
  For the purposes of this Act, the following principles are principles of ecologically sustainable use:
 (a) decision‑making processes should effectively integrate both long‑term and short‑term environmental, economic, social and equitable considerations;
 (b) the precautionary principle;
 (c) the principle of inter‑generational equity—that the present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations;
 (d) the conservation of biodiversity and ecological integrity should be a fundamental consideration in decision‑making;
 (e) improved valuation, pricing and incentive mechanisms should be promoted.