MINERAL AND ENERGY RESOURCES (COMMON PROVISIONS) REGULATION 2016 - REG 51 Offsetting of compensation liability—Act, s 171

MINERAL AND ENERGY RESOURCES (COMMON PROVISIONS) REGULATION 2016 - REG 51

51 Offsetting of compensation liability—Act, s 171

For section 171 (3) of the Act , the value of incidental coal seam gas mentioned in section 171 (1) of the Act must be calculated in the following way and consistent with the following principles—

(a) if the incidental coal seam gas is undiluted incidental coal seam gas—the value of the gas is based on the value of gas that has the same percentage of methane as the gas comprising the PL holder’s lost production;

(b) if the incidental coal seam gas is diluted incidental coal seam gas—the value of the gas is adjusted for its calorific value;

(c) the volume and value of the incidental coal seam gas is supported by documentary evidence;

(d) if the incidental coal seam gas is undiluted incidental coal seam gas mentioned in section 171 (1) (b) of the Act —the volume of gas is independently certified by an appropriately qualified person.