sec.318AWAuthority to prospect holder’s obligations

### sec.318AW Authority to prospect holder’s obligations The authority to prospect holder must— within 20 business days after receiving a copy of the application, give the applicant basic information the authority holder has about the following that the applicant may reasonably need to comply with sections 318AP and 318AT — the type of exploration activities carried out, or proposed to be carried out under the authority; petroleum in the land; and after receiving a copy of the application, use reasonable attempts to reach an agreement with the applicant, about the matters mentioned in section 318AT (1) (b) and (c) , that provides the best resource use outcome without significantly affecting the parties’ rights or interests. s 318AW ins 2004 No. 25 s 1020 (amd 2004 No. 26 s 260 (4) ) - (a) within 20 business days after receiving a copy of the application, give the applicant basic information the authority holder has about the following that the applicant may reasonably need to comply with sections 318AP and 318AT — (i) the type of exploration activities carried out, or proposed to be carried out under the authority; (ii) petroleum in the land; and - (i) the type of exploration activities carried out, or proposed to be carried out under the authority; - (ii) petroleum in the land; and - (b) after receiving a copy of the application, use reasonable attempts to reach an agreement with the applicant, about the matters mentioned in section 318AT (1) (b) and (c) , that provides the best resource use outcome without significantly affecting the parties’ rights or interests. - (i) the type of exploration activities carried out, or proposed to be carried out under the authority; - (ii) petroleum in the land; and