Northern Territory Consolidated Acts Northern Territory Consolidated Acts65. Compensation for refusal of grant over retention lease
(1) Subject to subsection (2), where the Minister refuses to grant a mineral lease in respect of an exploration retention licence area held by the applicant or any part of that area, he shall pay to the applicant such amount as he thinks reasonable to compensate the applicant for his exploration and development evaluation expenses in respect of the land to which the refusal relates while that land was held under the exploration retention licence, plus an amount calculated as prescribed as compensation for the loss of interest by the applicant on that amount.
(2) A payment under subsection (1) shall not be made where -
(a) the
refusal referred to in that subsection was because of the
non-compliance of
the applicant with any of the provisions of this Act or of a condition of the
exploration retention licence, or for unsatisfactory performance in carrying
out activities under the exploration retention licence; or
(b) the Minister is unable, for reasons beyond his control, to grant the mineral lease.