49What compensation is payable for—resource authority holders

49 What compensation is payable for—resource authority holders

(1) Compensation is payable by the holder of an injection and monitoring licence to any holder of a resource authority for any loss or damage that has been, or will be, sustained in relation to the land or resource as a direct, natural and reasonable consequence of the carrying out of any activity under the injection and monitoring plan including for—

(a) deprivation of access to the resource; and

(b) loss of opportunity to recover or use the resource.

S. 50 amended by No. 61/2008 s. 305 (ILA s. 39B(1)).