| (1) |
A material transfer agreement must— |
| (ii) |
the type of indigenous biological resources to be provided or to be given access to; |
| (iii) |
the area or source from which the indigenous biological resources are to be collected, obtained or provided; |
| (iv) |
the quantity of indigenous biological resources that is to be provided, collected, obtained or exported; |
| (v) |
the purpose for which such indigenous biological resources are to be exported; |
| (vi) |
the present potential uses of the indigenous biological resources; and |
| (vii) |
conditions under which the recipient may provide any such indigenous biological resources, or their progeny, to a third party. |
| (2) |
A material transfer agreement or any amendment to such an agreement— |
| (a) |
must be submitted to the Minister for approval; and |
| (b) |
does not take effect unless approved by the Minister. |
[Section 84 commenced 1 January 2006 (Proclamation No. R. 47, Gazette No. 26887)]
Exchange Control Amnesty and Amendment of Taxation Laws Act, 200
