(1) This Part applies to unalienated Crown land and reserved Crown land.
(2) This Part applies to any Crown land that is subject to a lease whether or not that lease is registered under the Transfer of Land Act 1958 .
(3) This Part does not apply to—
(a) carbon that is owned by the Crown in accordance with the Greenhouse Gas Geological Sequestration Act 2008 ; or
(b) carbon sequestered in an underground geological storage formation within the meaning of that Act; or
(c) an underground geological storage formation within the meaning of that Act.
(4) Nothing in this Part alters the ownership or control of Crown land under any other Act.
(5) This Part continues to apply to Crown land in relation to which a carbon sequestration right or soil carbon right has been granted under a Carbon Sequestration Agreement made under this Part.