Queensland Consolidated Acts

BIODISCOVERY ACT 2004 - SECT 3

(1) The main purposes of this Act are—

(a) to facilitate access by biodiscovery entities to minimal quantities of native biological resources on or in State land or Queensland waters (State native biological resources) for biodiscovery; and

Editor's note—

See the definition of minimal quantity in the schedule.

(b) to encourage the development, in the State, of value added biodiscovery; and

(c) to ensure the State, for the benefit of all persons in the State, obtains a fair and equitable share in the benefits of biodiscovery; and

Editor's note—

See the definition of benefits of biodiscovery in the schedule.

(d) to ensure biodiscovery enhances knowledge of the State's biological diversity, promoting conservation and sustainable use of native biological resources.

(2) The purposes are achieved mainly by providing for—

(a) the following streamlined frameworks—

(i) a regulatory framework for taking and using State native biological resources, in a sustainable way, for biodiscovery;

(ii) a contractual framework for benefit sharing agreements to be entered into with biodiscovery entities for the use, for biodiscovery, of State native biological resources; and

(b) a compliance code and collection protocols for taking native biological material; and

(c) the monitoring and enforcement of compliance with this Act.