Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 84E

84E What is the expenditure completion date and an ECD variation

(1) The
"expenditure completion date" for an exploration amount for the transfer of an interest in an exploration authority under a farm-in agreement is—

(a) the day stated in the agreement on or before which the exploration amount must be spent; or

(b) if the farmor and farmee agree to vary the day mentioned in paragraph (a) —the day as varied; or

(c) if the day mentioned in paragraph (b) is further varied—the day as further varied.

(2) A variation mentioned in subsection (1) (b) or (c) is an
"ECD variation" .