Queensland Numbered Acts Queensland Numbered Acts(1) A petroleum resource authority holder who receives an advance notice must negotiate in good faith with the ML (coal) holder to enable the ML (coal) holder to give a notice under section 130(1)(b).
(2) If a petroleum resource authority holder and the ML (coal) holder can not agree on a joint development plan to the extent it relates to a relevant matter within 6 months after the petroleum resource authority holder receives the advance notice, the ML (coal) holder must apply for arbitration of the dispute.
(3) Despite subsection (2), the petroleum resource authority holder and the ML (coal) holder may jointly apply for arbitration of the dispute, to the extent it relates to a relevant matter, at any time.