9APermanence period discount number—certain plantation forestry projects

#### 9A Permanence period discount number—certain plantation forestry projects Short rotation plantation forestry projects (1) This section applies in relation to a project: (a) that includes the establishment of a plantation for the harvest of forest products that is established by planting or seeding; and (b) for which the length of any of the rotations of a plantation that is part of the project from the planting, seeding or coppicing to the subsequent clearfelling during the 100 year period after the section 27 declaration will be less than 20 years. Continuing plantation forestry projects (1A) This section also applies in relation to a project: (a) that includes the establishment or continuation of a plantation for the harvest of forest products that is established or continued by planting, seeding or coppicing; and (b) whose project area includes land that, in the 7 years before the project proponent applied for the area of land to be part of the project area for the project, was managed as a plantation for the harvest of forest products; and (c) for which the project activity does not only relate to the conversion of one or more plantations from short rotations (as described in paragraph (1)(b)), to long rotations of at least 20 years. Note: Under subparagraph (c)(ii) of the definition of “permanence period discount number” in subsection 16(2) of the Act, this subsection applies to projects whose crediting period started on or after 31 January 2022 (whether or not the project was of this kind at the start of the crediting period or becomes of this kind, such as on the addition of land to the project area of the project). (2) For subparagraph (c)(ii) of the definition of “permanence period discount number” in subsection 16(2) of the Act, the permanence period discount number is 25%.