sec.50Minimising compensation liability— Act , s 170

sec.50 Minimising compensation liability— Act , s 170

For section 170 (1) of the Act , an ML (coal) holder and a petroleum resource authority holder must take all reasonable steps to minimise compensation liability in the following way and consistent with the following principles— the ML (coal) holder and petroleum resource authority holder must give each other all information reasonably necessary to allow them to minimise compensation liability; the ML (coal) holder and petroleum resource authority holder must consider all reasonable proposals including, for example, co-operative arrangements, to the extent the proposals allow them to minimise compensation liability; the ML (coal) holder may permit producing or planned wells to remain within the IMA or RMA if safe to do so the ML (coal) holder may fund accelerated gas recovery or resequencing of gas production the PL holder may relocate rather than replace PL major gas infrastructure all reasonable steps to minimise compensation liability must be taken.

• (a) the ML (coal) holder and petroleum resource authority holder must give each other all information reasonably necessary to allow them to minimise compensation liability;
• (b) the ML (coal) holder and petroleum resource authority holder must consider all reasonable proposals including, for example, co-operative arrangements, to the extent the proposals allow them to minimise compensation liability; Examples of co-operative arrangements— • the ML (coal) holder may permit producing or planned wells to remain within the IMA or RMA if safe to do so • the ML (coal) holder may fund accelerated gas recovery or resequencing of gas production • the PL holder may relocate rather than replace PL major gas infrastructure
• • the ML (coal) holder may permit producing or planned wells to remain within the IMA or RMA if safe to do so
• • the ML (coal) holder may fund accelerated gas recovery or resequencing of gas production
• • the PL holder may relocate rather than replace PL major gas infrastructure
• (c) all reasonable steps to minimise compensation liability must be taken.
• • the ML (coal) holder may permit producing or planned wells to remain within the IMA or RMA if safe to do so
• • the ML (coal) holder may fund accelerated gas recovery or resequencing of gas production
• • the PL holder may relocate rather than replace PL major gas infrastructure