Commonwealth Consolidated Acts

GREAT BARRIER REEF MARINE PARK ACT 1975 - SECT 3AB

    For the purposes of this Act, the following principles are principles of ecologically sustainable use :

  (a)   decision - making processes should effectively integrate both long - term and short - term environmental, economic, social and equitable considerations;

  (b)   the precautionary principle;

  (c)   the principle of inter - generational equity--that the present generation should ensure that the health, diversity and productivity of the environment is maintained or enhanced for the benefit of future generations;

  (d)   the conservation of biodiversity and ecological integrity should be a fundamental consideration in decision - making;

  (e)   improved valuation, pricing and incentive mechanisms should be promoted.