MINERAL RESOURCES ACT 1989 - SECT 396A
Transfer of coal exploration or production well to petroleum tenure holder
MINERAL RESOURCES ACT 1989 - SECT 396A
Transfer of coal exploration or production well to petroleum tenure holder
(1) Subsection (3) permits, in particular circumstances, the transfer of a
coal exploration or production well by a mining tenement holder.
(2) A
purported transfer of a coal exploration or production well is of no effect
unless— (a) the transfer is permitted under subsection (3) ; and
(b) the
requirements under subsection (3) for making the transfer have been complied
with.
(3) The mining tenement holder may transfer the
coal exploration or production well to the holder of a petroleum tenure if—
(a) it is in the area of the mining tenement and the petroleum tenure; and
(b) a notice in the approved form and the transfer fee prescribed under a
regulation have been lodged.
(4) If the well is transferred under subsection
(3) , any obligation the transferor had under this Act or another law in
relation to the coal exploration or production well ceases.
(5) In this
section—
"coal exploration or production well" means a well or drill hole drilled and
authorised under this Act to— (a) explore for coal or coal seam gas; or
(b)
mine or produce coal or coal seam gas; or
(c) monitor the mining or
production of coal or coal seam gas; or
(d) monitor the impacts of an
activity mentioned in paragraphs (a) to (c) .
"transfer" , of a coal exploration or production well means a transfer of—
(a) the control of and responsibility for the well; and
(b) the ownership of
any works constructed in connection with the well.
