Malaysia legislation
Section 24A
Section 24A
(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.
Requirement for prior informed consent and mutually agreed terms, etc.