| (1) | A benefit-sharing agreement must— |
| (ii) | the area or source from which the indigenous biological resources are to be collected or obtained; |
| (iii) | the quantity of indigenous biological resources that is to be collected or obtained; |
| (iv) | any traditional uses of the indigenous biological resources by an indigenous community; and |
| (v) | the present potential uses of the indigenous biological resources; |
| (c) | name the parties to the benefit-sharing agreement; |
| (d) | set out the manner in which and the extent to which the indigenous biological resources are to be utilised or exploited for purposes of such bioprospecting; |
| (e) | set out the manner in which and the extent to which the stakeholder will share in any benefits that may arise from such bioprospecting; |
| (f) | provide for a regular review of the agreement by the parties as the bioprospecting progresses; and |
| (g) | comply with any other matters that may be prescribed. |
| (2) | A benefit-sharing 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 83 commenced 1 January 2006 (Proclamation No. R. 47, Gazette No. 26887)]
