(1) The requirements
of subsections (2), (3) and (4) are in addition to the requirements of Part IV
Division 1 and any other provision of this Act relevant to the transfer of
land or an interest in land.
(2) A carbon right can
only be transferred in relation to the whole of the area of the affected land.
(3) If the proprietor
of a carbon right is also the proprietor of a carbon covenant entered into in
relation to that carbon right, a transfer of the carbon right shall not be
registered unless it is accompanied by a transfer of the proprietor’s
interest in the carbon covenant.
(4) If a carbon right
is registered in respect of Crown land, a transfer of the carbon right shall
not be registered unless there is compliance with section 18 of the Land
Administration Act 1997 .
[Section 104D inserted: No. 56 of 2003 s. 14.]