(1) A geothermal tenure holder may give an eligible claimant to whom the holder has a compensation liability a notice (the negotiation notice) that the holder wishes to negotiate a conduct and compensation agreement or a deferral agreement with the eligible claimant.
(2) The negotiation notice must be accompanied by a copy of the land access code and state all of the following--
(a) if the holder wishes to negotiate a conduct and compensation agreement--
(i) whether the holder wishes to negotiate all or part of the holder's compensation liability to the eligible claimant; and
(ii) if the holder only wishes to negotiate part of the liability--what the part is;
(b) if the holder wishes to negotiate a deferral agreement--that wish and the reasons for it;
(c) the land the holder proposes to enter;
(d) the activities proposed to be carried out on the land;
(e) when and where the activities are proposed to be carried out;
(f) if the holder is a corporation--contact details for the holder and an individual the holder has authorised to negotiate the agreement.
(3) The geothermal tenure holder must give the chief executive a copy of the negotiation notice immediately after it is given.
Maximum penalty for subsection (3)--10 penalty units.