Victorian Numbered Acts Victorian Numbered ActsA Forestry and Carbon Management Agreement may include conditions—
(a) requiring a party to the agreement to deposit with a person specified in the agreement—
(i) a sum of money fixed in, or determined in accordance with, the agreement; or
(ii) an undertaking to pay that sum together with security in a form determined by or in accordance with the agreement; or
(iii) any other form of security provided for by or under the agreement;
(b) requiring the sum or part of the sum to be forfeited if there is any failure by the owner to carry out the agreement;
(c) providing that any money deposited must be returned to the relevant party on a date or dates specified to the extent that it has not been forfeited.