30Joint ventures

30 Joint ventures

(1)  The Authority may, by agreement in writing, enter into an arrangement with another person, or other persons, for and in relation to the carrying out on any land of a joint venture for the exploitation of that land as a source of forest produce.

(2)  An arrangement under subsection (1) continues for such term as is specified in the agreement, and may be extended for such further period or periods as may be agreed upon between the parties to the arrangement.

(3)  Without limiting the generality of subsection (1) , an agreement under that subsection may –

(a) make provision for the carrying out by the several parties to the arrangement of specified operations, including, in particular –

(i) the planting, tending and harvesting of trees; and

(ii) the construction and maintenance of fences, roads, bridges and other facilities; and

(iii) the payments (if any) to be made by the several parties to the arrangement to other such parties; and

(iv) the apportioning among those parties of the expenses and proceeds (if any) of the joint venture and of any royalties, or the liability to pay any royalties, relating to forest produce resulting from the undertaking of the joint venture; and

(v) the disposal of that forest produce; and

(b) include terms and conditions relating to –

(i) the obtaining, cutting and conversion of the forest produce resulting from the undertaking of the joint venture; and

(ii) the marking of that forest produce, its removal from the land from which it has been obtained and the protection and preservation of timber and other growth on that land; and

(iii) the cancellation of the arrangement by the Authority for default by any other party to the arrangement in the performance of its obligations under the agreement or on such other grounds as are specified in the agreement or the regulations; and

(iv) the suspension of any of the terms and conditions or any obligations of the agreement.