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Mining Regulation 2016
91Compensation
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#### 91 Compensation
91 Compensation
(Former clause 74 of 2010 Reg)
> > (1) For the purposes of section 265 (3) of the Act, the prescribed period is the period of 28 days beginning on the date on which the mining lease takes effect.
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> > (2) For the purposes of section 272 (1) (a) of the Act, the prescribed manner of assessing compensation is by making an assessment that has regard to the following factors—
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> > > (a) the nature, quality, area and particular characteristics of the land concerned,
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> > > (b) the proximity of the land to any building, structure, road, track or other facility,
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> > > (c) the purpose for which the land is normally used,
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> > > (d) the use of the land that is approved under any development consent that is in force in respect of the land.