OFFSHORE MINERALS ACT 1994 - SECT 397 Defences to actions to recover debts

OFFSHORE MINERALS ACT 1994 - SECT 397

  (1)   It is a defence to an action to recover the debt from the licence holder or special purpose consent holder if:

  (a)   the holder produces evidence that the holder took all reasonable steps to comply with the compliance direction; and

  (b)   the evidence is not rebutted.

  (2)   It is a defence to an action to recover the debt from the associate if:

  (a)   the associate produces evidence that the associate did not know of, and could not reasonably be expected to know of, the existence of the compliance direction; and

  (b)   the evidence is not rebutted.