(1) Section 234(1) and (2)--
omit, insert--
'(1) The following persons may make an arrangement about a matter mentioned in subsection (2)--
(a) the holder of a 1923 Act lease;
(b) the applicant for, or the holder of, a petroleum lease;
(c) the applicant for, or the holder of, a mining lease.
'(2) For subsection (1), the matters are--
(a) the orderly--
(i) production of petroleum from a natural underground reservoir under more than 1 of the leases; or
(ii) carrying out of an authorised activity for any of the leases by any party to the arrangement; and
(b) petroleum production from more than 1 natural underground reservoir under more than 1 of the leases.'.
(2) Section 234(3)(a), 'subject to section 223,'--
omit.
(3) Section 234(3)(b), 'inconsistent with'--
omit, insert--
'inconsistent with, to the extent mentioned in subsection (3A),'.
(4) Section 234--
insert--
'(3A) For subsection (3)(b), the arrangement may only be inconsistent with 1 or more of the following--
(a) when a petroleum lease holder must start petroleum production under section 154(1);
(b) the development plan or the proposed development plan for a lease mentioned in subsection (1);
(c) the conditions of the lease imposed under--
(i) section 123(3); or
(ii) the Mineral Resources Act, section 276(1)(n) or 276(3).'.
(5) Section 234(6)--
insert--
'relevant lease means--
(a) 2 or more petroleum leases; or
(b) 2 or more 1923 Act leases; or
(c) 1 or more petroleum leases and 1 or more 1923 Act leases, in any combination; or
(d) 1 or more mining lease and 1 or more petroleum leases or 1923 Act leases, in any combination.
Note--
1 Under the Mineral Resources Act, a coal mining lease holder or oil shale mining lease holder has a limited entitlement to mine and use incidental coal seam gas, which is petroleum. See section 10 of this Act and the Mineral Resources Act, part 7AA, division 8, subdivision 1.27
2 A coordination arrangement may provide for mining or production from coextensive natural underground reservoirs. See section 114 and the Mineral Resources Act, section 318CQ.28'.