131Staged obligations agreements under or in relation to applicable Commonwealth approvals

131 Staged obligations agreements under or in relation to applicable Commonwealth approvals

(1) This section applies to a staged obligations agreement in effect immediately before the commencement day that relates to land that is, on the commencement day, wholly or partly within the levy area (the applicable land).

(2) On the commencement day—

(a) the staged obligations agreement is taken to be a staged payment approval given to the pre-scheme liable person subject to the same conditions that applied to that agreement immediately before that day; and

(b) the environment mitigation levy is imposed in relation to that part of the applicable land within the levy area; and

(c) a payment under that agreement made to the State before that day is taken to be a staged payment made in accordance with that approval for the discharge of the levy liability relating to—

(i) that part of the applicable land within the levy area to which that payment relates; and

(ii) that part of the environment mitigation levy imposed under paragraph (b) to which that payment relates; and

(d) despite section 21, the levy cannot be imposed in relation to that part of the applicable land within the levy area in relation to which a staged payment mentioned in paragraph (c) has been made.

(3) On and after the commencement day, land mentioned in subsection (2)(b) is to be treated as levy land for the purposes of Parts 4 and 7.

(4) The Secretary must give the person a notice under section 28 that relates to the deemed staged payment approval within 14 days after the commencement day.

(5) A notice mentioned in subsection (4)—

(a) must state that the staged payment approval is a deemed staged payment approval; and

(b) is not required to include a description of any levy event.