sec.45Right to elect to opt out

### sec.45 Right to elect to opt out An owner or occupier of land may elect to opt out of entering into a conduct and compensation agreement or a deferral agreement with a resource authority holder. The election to opt out is an opt-out agreement and is invalid if it does not comply with the prescribed requirements for the agreement. Despite any term of the opt-out agreement, either party to the agreement may, by giving written notice to the other parties to the agreement, unilaterally terminate the agreement within 10 business days of a signed copy of the agreement being given to the owner or occupier of land. An opt-out agreement for land ends— according to its terms; or if the resource authority ends; or if it is terminated by a party under subsection (3) ; or if the parties enter into any of the following agreements— a deferral agreement; a conduct and compensation agreement: another opt-out agreement for the land. An opt-out agreement does not negate a resource authority holder’s liability to compensate an eligible claimant. See section 81 . s 45 amd 2018 No. 24 s 35 (sec.45-ssec.1) An owner or occupier of land may elect to opt out of entering into a conduct and compensation agreement or a deferral agreement with a resource authority holder. (sec.45-ssec.2) The election to opt out is an opt-out agreement and is invalid if it does not comply with the prescribed requirements for the agreement. (sec.45-ssec.3) Despite any term of the opt-out agreement, either party to the agreement may, by giving written notice to the other parties to the agreement, unilaterally terminate the agreement within 10 business days of a signed copy of the agreement being given to the owner or occupier of land. (sec.45-ssec.4) An opt-out agreement for land ends— according to its terms; or if the resource authority ends; or if it is terminated by a party under subsection (3) ; or if the parties enter into any of the following agreements— a deferral agreement; a conduct and compensation agreement: another opt-out agreement for the land. An opt-out agreement does not negate a resource authority holder’s liability to compensate an eligible claimant. See section 81 . - (a) according to its terms; or - (b) if the resource authority ends; or - (c) if it is terminated by a party under subsection (3) ; or - (d) if the parties enter into any of the following agreements— (i) a deferral agreement; (ii) a conduct and compensation agreement: (iii) another opt-out agreement for the land. Note— An opt-out agreement does not negate a resource authority holder’s liability to compensate an eligible claimant. See section 81 . - (i) a deferral agreement; - (ii) a conduct and compensation agreement: - (iii) another opt-out agreement for the land. - (i) a deferral agreement; - (ii) a conduct and compensation agreement: - (iii) another opt-out agreement for the land.