Queensland Numbered Acts Queensland Numbered Acts(1) A geothermal tenure holder and the public road authority for a public road may enter into an agreement (a compensation agreement) about the holder's compensation liability to the public road authority relating to the road.
(2) A compensation agreement may relate to all or part of the liability.
(3) A compensation agreement must--
(a) be signed by or for the holder and the public road authority; and
(b) state whether it is for all or part of the liability; and
(c) if it is for only part of the liability, state--
(i) each part of the notifiable road use to which the agreement relates; and
(ii) the period for which the agreement has effect; and
(d) provide for how and when the liability will be met.
(4) A compensation agreement may--
(a) extend the holder's compensation liability to the public road authority relating to the road to any renewal of the geothermal tenure; and
(b) provide for--
(i) monetary or non-monetary compensation; or
(ii) a process by which it may be amended or enforced.
Example for paragraph (b)--
A compensation agreement may provide for compensation under it to be reviewed on the happening of a material change in circumstances for the geothermal tenure, including a significant decrease or increase in the extent of the relevant notifiable road use.
(5) Subsections (2) to (4) do not limit the matters that may be provided for in a compensation agreement.