145Compensation agreement for compensable loss

145 Compensation agreement for compensable loss

(1)  [Section 145 Subsection (1) amended by No. 44 of 2017, s. 41, Applied:21 Nov 2017] [Section 145 Subsection (1) amended by No. 44 of 2017, s. 41, Applied:21 Nov 2017] The holder of a mineral tenement or an applicant for a mineral tenement may enter into an agreement with the owner or occupier of land or a holder of a forestry right as to the amount of compensation payable under section 144 .

(2)  A compensation agreement is to include the following matters:

(a) a description of the proposed work or mining and the location and area of the work or mining;

(b) the anticipated date of commencement and anticipated duration of the proposed work or mining;

(c) the agreed point or points of entry onto and exit from the land for the purposes of the work or mining;

(d) the number and type of vehicles, plant and equipment involved;

(e) a description of the facilities and sanitary arrangements to be provided on the land.

(3)  [Section 145 Subsection (3) inserted by No. 44 of 2017, s. 41, Applied:21 Nov 2017] A compensation agreement under subsection (1) entered into by the holder of a mineral tenement or an applicant for a mineral tenement, and an owner or occupier of land, and in force under that subsection, is binding on a subsequent owner or occupier of the land.