93Tree bond agreements—form and period

93 Tree bond agreements—form and period (1) A tree bond agreement must— (b) be signed by both parties to the agreement; and (c) state the amount of tree bond for the agreement.

Tree bonds Division 5.2 (2) A tree bond agreement has effect— (a) on the date it is signed; and (b) for the period decided by the decision-maker and stated in the agreement, unless ended earlier in accordance with section 95. (3) For subsection (2) (b), the end of the period must not be more than 3 years after the day any activity carried out under an authorisation mentioned in section 92 (1) (a) is completed. (4) A tree bond agreement may be amended in writing by the parties, including by extending the period of the agreement. (5) A regulation may prescribe— (a) the amount of a tree bond; and (b) matters the decision-maker must or may take into account when deciding— (i) a tree bond amount; or (ii) the period for which a tree bond has effect.