sec.97NDefinitions for div 4C

### sec.97N Definitions for div 4C In this division— carbon abatement interest , for land, means an interest in the land consisting of the exclusive right to the economic benefits associated with carbon sequestration on the land. carbon abatement product means all or any of the following— living biomass; dead organic matter; soil; carbon sequestration by, and carbon stored in, a carbon abatement product mentioned in paragraphs (a) to (c) . carbon sequestration , by living biomass, dead organic matter or soil, includes— the process by which the biomass, matter or soil removes and stores carbon dioxide from the atmosphere; or the use of the biomass, matter or soil to avoid, reduce or eliminate greenhouse gas emissions. s 97N ins 2011 No. 31 s 335 - (a) living biomass; - (b) dead organic matter; - (c) soil; - (d) carbon sequestration by, and carbon stored in, a carbon abatement product mentioned in paragraphs (a) to (c) . - (a) the process by which the biomass, matter or soil removes and stores carbon dioxide from the atmosphere; or - (b) the use of the biomass, matter or soil to avoid, reduce or eliminate greenhouse gas emissions.