PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 923
Existing compensation agreements relating to converted petroleum authority
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 923
Existing compensation agreements relating to converted petroleum authority
923 Existing compensation agreements relating to converted petroleum authority
(1) This section applies to an agreement mentioned in section 98(1) of the
1923 Act, as it was in force immediately before 31 December 2004, for
compensation relating to a converted petroleum authority.
(2) On 31 December
2004, the agreement is taken to be a compensation agreement made under this
Act.
(3) The agreement may be enforced as if the agreement were a
compensation agreement under chapter 5, part 5.
(4) However, the agreement
can not be the subject of an application under section 534.
(5) Subsection
(3) applies even if the agreement was not valid because section 98(2) of the
1923 Act, as it was in force immediately before 31 December 2004, had not been
complied with.