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PETROLEUM (ONSHORE) ACT 1991 - SECT 112G Court may order payment of money or delivery of petroleum

PETROLEUM (ONSHORE) ACT 1991 - SECT 112G

Court may order payment of money or delivery of petroleum

112G Court may order payment of money or delivery of petroleum

(1) If any money or petroleum is claimed in the Land and Environment Court, the Court may order the payment of such money or the delivery of such petroleum as it may find to be due or deliverable by one party to another, where possible.
(2) If such a claim arises out of a petroleum mining partnership, adventure or interest, the Land and Environment Court may take accounts in respect of that partnership, adventure or interest, to the extent to which it may be necessary to ascertain what money or petroleum (if any) is so due by one party to the other, and may make such further order as it considers just.
(3) If the Land and Environment Court orders payment of money in respect of any debt, damages, costs or otherwise, the Court may make a further order--
(a) that any petroleum in the possession, and being the property, of the party directed to make the payment must (to the extent in value of the payment as estimated by the Court) be delivered up to the party entitled to the payment, and
(b) that the petroleum to that extent be seized and delivered accordingly.
(4) If such a further order is made, the order for payment of money may only be enforced in respect of any balance remaining due after deducting the value of the petroleum so delivered to the party entitled to payment.