Section 24A
of Sabah Biodiversity Enactment 2000
State EnactmentIn forceProvision 38 of 55
Section 24A
(1)
An applicant for a licence for access to a biological resources or traditional knowledge associated with biological resources, for commercial or potential commercial purposes shall enter into a benefit-sharing agreement with the resource provider.
(2)
A benefit-sharing agreement shall be based upon mutually agreed terms and provide for fair and equitable benefit sharing.
(3)
Any such monetary benefits shall be deposited into a fund established by the Government.
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(4)
The Director shall use any payment or any part thereof received under this section towards the conservation of biological diversity and the sustainable use of its components and for such other incidental expenses.