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Mineral Resources Development Act 1995
149Compensation for revocation due to public purpose
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149 Compensation for revocation due to public purpose
(1) [Section 149 Subsection (1) amended by No. 24 of 2013, s. 116, Applied:28 Jun 2013] Compensation is payable by the Crown to the holder of a lease which is revoked under section 99 (1) (b) or a production licence that is revoked under section 67Y(1)(b) .
(2) The holder of the lease may enter into an agreement with the Crown as to the amount of compensation payable.