sec.3Purposes of Act

sec.3 Purposes of Act

The main purposes of this Act are— to ensure biodiscovery entities act appropriately when accessing or using traditional knowledge for biodiscovery; and to facilitate access by biodiscovery entities to minimal quantities of native biological material for biodiscovery on or in State land or Queensland waters; and to encourage the development, in the State, of value added biodiscovery; and to ensure the State, for the benefit of all persons in the State, obtains a fair and equitable share in the benefits of biodiscovery; and See the definition of benefits of biodiscovery in the schedule . to ensure biodiscovery enhances knowledge of the State’s biological diversity, promoting conservation and sustainable use of native biological resources. The purposes are achieved mainly by providing for— the measures to be taken by persons accessing or using traditional knowledge for biodiscovery; and the following streamlined frameworks— a regulatory framework for taking and using native biological material, in a sustainable way, for biodiscovery; a contractual framework for benefit sharing agreements, and subsequent use agreements under those agreements, to be entered into with biodiscovery entities for the use, for biodiscovery, of native biological material; and a compliance code and collection protocols for taking native biological material; and the monitoring and enforcement of compliance with this Act. s 3 amd 2017 No. 35 s 3 ; 2020 No. 27 s 5 (sec.3-ssec.1) The main purposes of this Act are— to ensure biodiscovery entities act appropriately when accessing or using traditional knowledge for biodiscovery; and to facilitate access by biodiscovery entities to minimal quantities of native biological material for biodiscovery on or in State land or Queensland waters; and to encourage the development, in the State, of value added biodiscovery; and to ensure the State, for the benefit of all persons in the State, obtains a fair and equitable share in the benefits of biodiscovery; and See the definition of benefits of biodiscovery in the schedule . to ensure biodiscovery enhances knowledge of the State’s biological diversity, promoting conservation and sustainable use of native biological resources. (sec.3-ssec.2) The purposes are achieved mainly by providing for— the measures to be taken by persons accessing or using traditional knowledge for biodiscovery; and the following streamlined frameworks— a regulatory framework for taking and using native biological material, in a sustainable way, for biodiscovery; a contractual framework for benefit sharing agreements, and subsequent use agreements under those agreements, to be entered into with biodiscovery entities for the use, for biodiscovery, of native biological material; and a compliance code and collection protocols for taking native biological material; and the monitoring and enforcement of compliance with this Act.