PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 24A

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 24A

24A .         Liability for payment of compensation to native title holders

        (1)         If compensation is payable to native title holders for or in respect of the grant of an authorisation, the person liable to pay the compensation is —

            (a)         if an amount is to be paid and held in trust, the applicant for the grant of, or the holder of, the authorisation at the time the amount is required to be paid; or

            (b)         otherwise, the applicant for the grant of, or the holder of, the authorisation at the time a determination of compensation is made.

        (2)         If, at the relevant time, there is no holder of the authorisation because the authorisation has been surrendered or cancelled or has expired, a reference in subsection (1) to the holder of the authorisation is a reference to the holder of the authorisation immediately before its surrender, cancellation or expiry.

        (3)         In this section —

        authorisation means a permit, drilling reservation, lease, licence, special prospecting authority or access authority;

        native title holders has the same meaning as in the Native Title Act 1993 of the Commonwealth.

        [Section 24A inserted: No. 61 of 1998 s. 17.]