87100‑year permanence period

87 100‑year permanence period

(1) For the purposes of this Act, the 100‑year permanence period for an eligible offsets project is: (a) 100 years; or (b) if, at the time when the declaration of the project as an eligible offsets project was made, a greater number of years was specified in the regulations or the legislative rules—that greater number of years. (2) However, if: (a) the regulations or the legislative rules specify a number of years that is less than 100 years; and (b) those regulations or legislative rules, as the case may be, are made after the time when the declaration of a project as an eligible offsets project was made; then, despite subsection (1), that lesser number of years is the 100‑year permanence period for the eligible offsets project.