Queensland Numbered Acts Queensland Numbered Acts(1) An ML (coal) holder's compensation liability to a petroleum resource authority holder is reduced to the extent of the value of the following—
(a) incidental coal seam gas supplied to the petroleum resource authority holder on the acceptance of an offer made under section 138;
(b) undiluted incidental coal seam gas offered to the petroleum resource authority holder under section 138 but not supplied to the petroleum resource authority holder because the offer is not accepted.
(2) However, subsection (1)(b) applies only to the extent it was reasonably practicable for the petroleum resource authority holder to take supply of the undiluted incidental coal seam gas when the offer was made under section 138.
(3) The value of the incidental coal seam gas mentioned in subsection (1) must be calculated in the way, and consistent with the principles, prescribed by regulation.