Queensland Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

MINERAL AND ENERGY RESOURCES (COMMON PROVISIONS) ACT 2014 No. 47 - SECT 218

218 Continuation of past conduct and compensation agreements

(1) This section applies to a past conduct and compensation agreement—

(a) in force immediately before the commencement (a continuing agreement); or
(b) being negotiated immediately before the commencement (an incomplete agreement).

(2) A continuing agreement continues in force under this Act according to its terms and is taken, for this Act, to be a conduct and compensation agreement for the parties to the agreement.

(3) However, a special agreement can not be the subject of an application under section 101.

(4) A resource authority holder that is a party to a continuing agreement must comply with section 92(1) in relation to the agreement within 6 months from the commencement of this section, instead of the 28 days provided for under that section.

(5) A requirement of a resource authority holder under subsection (4) is a condition of the resource authority.

(6) An incomplete agreement is to be completed under the provisions of the Resource Act (the relevant provisions) that, before the commencement, applied to making the agreement.

(7) Subsection (6) applies despite the repeal of the relevant provisions.

(8) An incomplete agreement completed under subsection (6) is taken, for this Act, to be a conduct and compensation agreement for the parties.

(9) In this section—

past conduct and compensation agreement means a conduct and compensation agreement under a Resource Act as in force immediately before the commencement.

special agreement means a compensation agreement under the Petroleum and Gas (Production and Safety) Act 2004, section 923.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback