Queensland Consolidated Acts

MINERAL RESOURCES ACT 1989 - SECT 781

781 Additional exemption to conduct and compensation agreement requirement

(1) This section applies—

(a) for the holder of an exploration permit or mineral development licence holder if the holder has given a converted entry notice; and

(b) until the earlier of the following to happen—

(i) the day that is 6 months after the relevant anniversary day for the exploration permit or mineral development licence;

(ii) 1 September 2011.

(2) During the term of the converted entry notice, including any renewed term, under former section 164 or 212, the conduct and compensation agreement requirement under schedule 1 does not apply to the holder.

(2A) A reference to conduct and compensation agreement requirement under schedule 1 in subsection (2) is taken to include a reference to conduct and compensation agreement requirement under the Common Provisions Act, chapter 3.

(3) In this section—

"converted entry notice" means a notice of entry that, under section 780(3), is taken to be an entry notice for schedule 1.

"relevant anniversary day" , for an exploration permit or mineral development licence, means the anniversary of the grant of the permit or licence that first occurs after the commencement of this section.