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DUTIES ACT 2001 - SECT 84D What is a 100% transfer farm-in agreement

DUTIES ACT 2001 - SECT 84D

What is a 100% transfer farm-in agreement

84D What is a 100% transfer farm-in agreement

A
"100% transfer farm-in agreement" , for an exploration authority, is a deferred farm-in agreement or upfront farm-in agreement under which, on the completion of all the transfers of interests in the exploration authority that are proposed to be made by the farmor under the agreement, 100% of the interest in the exploration authority will be held by the farmee.