Document ID: chunk:federal_register_of_legislation:C2008A00125:clause:1_3ab
Version: federal_register_of_legislation:C2008A00125
Segment Type: clause
Provision Reference: sch 1 cl 3AB
Character Range: 10678–11436

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.