(1) The registered proprietor of a freehold or leasehold estate in land may enter into a Forestry and Carbon Management Agreement in accordance with this Act with the owner of a forest carbon right (if any) relating to the land and with any other person.
(2) A public authority may be a party to a Forestry and Carbon Management Agreement for the purpose of—
(a) carrying out its functions in relation to native vegetation or soil management and biodiversity conservation; or
(b) carrying out its functions under any law affecting vegetation or soil.
(3) A Forestry and Carbon Management Agreement must include a statement that the agreement is a Forestry and Carbon Management Agreement under this Act.
(4) No more than one Forestry and Carbon Management Agreement can be entered into in respect of the same area of land.