Common use of Formal Reserves Clause in Contracts

Formal Reserves. Reserves equivalent to IUCN Protected Area Management Categories I, II, III, IV, or VI as defined by the IUCN Commission for National Parks and Protected Areas (1994). Reserves equivalent to Categories I, II, III or IV are defined as Dedicated Reserves. The status of Formal Reserves is secure, requiring action by the Tasmanian Parliament for dedication or revocation.