sec.227Existing conduct and compensation agreements

### sec.227 Existing conduct and compensation agreements This section applies to a conduct and compensation agreement entered into under a pre-amended Resource Act and in force immediately before the commencement. The agreement continues in force after the commencement and is taken to be a conduct and compensation agreement entered into under section 83(1). The agreement is valid even if the agreement does not comply with a prescribed requirement under section 83(4). However— a resource authority holder that is a party to a conduct and compensation agreement must comply with section 92(1) in relation to the agreement within 6 months after the commencement, instead of within 28 days as mentioned in that section; and a special agreement can not be the subject of an application under section 101 to the Land Court for a review of the original compensation. A requirement of a resource authority holder under subsection (4)(a) is a condition of the resource authority. In this section— special agreement means a compensation agreement under the P&G Act, section 923. s 227 sub 2016 No. 30 s 60 (sec.227-ssec.1) This section applies to a conduct and compensation agreement entered into under a pre-amended Resource Act and in force immediately before the commencement. (sec.227-ssec.2) The agreement continues in force after the commencement and is taken to be a conduct and compensation agreement entered into under section 83(1). (sec.227-ssec.3) The agreement is valid even if the agreement does not comply with a prescribed requirement under section 83(4). (sec.227-ssec.4) However— a resource authority holder that is a party to a conduct and compensation agreement must comply with section 92(1) in relation to the agreement within 6 months after the commencement, instead of within 28 days as mentioned in that section; and a special agreement can not be the subject of an application under section 101 to the Land Court for a review of the original compensation. (sec.227-ssec.5) A requirement of a resource authority holder under subsection (4)(a) is a condition of the resource authority. (sec.227-ssec.6) In this section— special agreement means a compensation agreement under the P&G Act, section 923. - (a) a resource authority holder that is a party to a conduct and compensation agreement must comply with section 92(1) in relation to the agreement within 6 months after the commencement, instead of within 28 days as mentioned in that section; and - (b) a special agreement can not be the subject of an application under section 101 to the Land Court for a review of the original compensation.