(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 covenant
can only be transferred in relation to the whole of the area of the land in
respect of which —
relevant carbon right is registered; and
(3) A transfer of a
carbon covenant shall not be registered unless it is accompanied by a transfer
of the proprietor’s interest in the relevant carbon right.
(4) If a carbon
covenant applies in respect of Crown land, a transfer of the carbon covenant
shall not be registered unless there is compliance with section 18 of the Land
Administration Act 1997 .
[Section 104J inserted: No. 56 of 2003 s. 14.]