sec.231AExisting agreement between resource holders

### sec.231A Existing agreement between resource holders This section applies if— a non-mandatory provision applies to resource authority holders for an overlapping area; and the non-mandatory provision is inconsistent with a term of an existing agreement between the resource authority holders. The resource authority holders are taken to have agreed, under section 117(2), that the non-mandatory provision does not apply for the overlapping area. Subsection (2) does not apply if, after the commencement, the resource authority holders agree that the non-mandatory provision does apply for the overlapping area. In this section— existing agreement means a written legally binding agreement in force immediately before the commencement. non-mandatory provision means a provision, or a part of a provision, of chapter 4 other than a provision, or a part of a provision, mentioned in section 117(1). s 231A ins 2016 No. 30 s 61 (sec.231A-ssec.1) This section applies if— a non-mandatory provision applies to resource authority holders for an overlapping area; and the non-mandatory provision is inconsistent with a term of an existing agreement between the resource authority holders. (sec.231A-ssec.2) The resource authority holders are taken to have agreed, under section 117(2), that the non-mandatory provision does not apply for the overlapping area. (sec.231A-ssec.3) Subsection (2) does not apply if, after the commencement, the resource authority holders agree that the non-mandatory provision does apply for the overlapping area. (sec.231A-ssec.4) In this section— existing agreement means a written legally binding agreement in force immediately before the commencement. non-mandatory provision means a provision, or a part of a provision, of chapter 4 other than a provision, or a part of a provision, mentioned in section 117(1). - (a) a non-mandatory provision applies to resource authority holders for an overlapping area; and - (b) the non-mandatory provision is inconsistent with a term of an existing agreement between the resource authority holders.