MINING ACT 1992 - SECT 267A Effect of determination and payment of compensation under provisions of Commonwealth Native Title Act

MINING ACT 1992 - SECT 267A

267A Effect of determination and payment of compensation under provisions of Commonwealth Native Title Act

(1) If, between the Government party, an applicant for an exploration licence, assessment lease, mining lease, mineral claim or opal prospecting licence as a grantee party and a native title party, compensation is agreed on or determined under Subdivision M or P of Division 3 of Part 2 of the Commonwealth Native Title Act, the compensation so agreed on or determined is taken--

(a) to be validly agreed on or assessed for the purposes of whichever is relevant of section 263, 264, 265 or 266 as if the applicant for the exploration licence, assessment lease, mining lease, mineral claim or opal prospecting licence as the grantee party was the holder under this Act of the licence, lease or claim concerned and the native title party was the landholder of the land concerned, and

(b) to be paid under and for the purposes of whichever is relevant of those sections when it is paid in accordance with section 52 of the Commonwealth Native Title Act.

(2) In this section,
"Government party" ,
"grantee party" and
"native title party" have the same meanings as they have in the Commonwealth Native Title Act.