sec.52Reconciliation payment— Act , s 172

sec.52 Reconciliation payment— Act , s 172

For section 172 (3) (a) of the Act , the amount of a reconciliation payment must be calculated in the following way and consistent with the following principles— the amount of the reconciliation payment is based on the lesser of the following amounts— the real value of a payment or an amount of natural gas given by the ML (coal) holder to the PL holder to meet the ML (coal) holder’s compensation liability for lost production; the real value of coal seam gas subsequently recovered by the PL holder as mentioned in section 172 (1) (b) of the Act ; the amount of the reconciliation payment must exclude the PL holder’s avoided costs.

• (a) the amount of the reconciliation payment is based on the lesser of the following amounts— (i) the real value of a payment or an amount of natural gas given by the ML (coal) holder to the PL holder to meet the ML (coal) holder’s compensation liability for lost production; (ii) the real value of coal seam gas subsequently recovered by the PL holder as mentioned in section 172 (1) (b) of the Act ;
• (i) the real value of a payment or an amount of natural gas given by the ML (coal) holder to the PL holder to meet the ML (coal) holder’s compensation liability for lost production;
• (ii) the real value of coal seam gas subsequently recovered by the PL holder as mentioned in section 172 (1) (b) of the Act ;
• (b) the amount of the reconciliation payment must exclude the PL holder’s avoided costs.
• (i) the real value of a payment or an amount of natural gas given by the ML (coal) holder to the PL holder to meet the ML (coal) holder’s compensation liability for lost production;
• (ii) the real value of coal seam gas subsequently recovered by the PL holder as mentioned in section 172 (1) (b) of the Act ;