sec.167Conservation conditions

sec.167 Conservation conditions

This section applies if the chief executive reasonably believes a commercial activity agreement proposed to be made or amended should be subject to a condition (a conservation condition )— to achieve the object of the Act ; or to ensure another person who is a party to the agreement keeps proper records, provides returns of operations and pays fees to contribute to achieving the object of the Act . See section 5 of the Act for how the object of the Act is to be achieved. The chief executive must not— enter into the agreement unless it is made subject to the conservation condition; or amend the agreement unless the amendment includes making the agreement subject to the conservation condition. The chief executive must ensure the agreement— identifies the conservation condition as a condition to which section 205 applies; and states that failure to comply with the condition may constitute an offence against that section. (sec.167-ssec.1) This section applies if the chief executive reasonably believes a commercial activity agreement proposed to be made or amended should be subject to a condition (a conservation condition )— to achieve the object of the Act ; or to ensure another person who is a party to the agreement keeps proper records, provides returns of operations and pays fees to contribute to achieving the object of the Act . See section 5 of the Act for how the object of the Act is to be achieved. (sec.167-ssec.2) The chief executive must not— enter into the agreement unless it is made subject to the conservation condition; or amend the agreement unless the amendment includes making the agreement subject to the conservation condition. (sec.167-ssec.3) The chief executive must ensure the agreement— identifies the conservation condition as a condition to which section 205 applies; and states that failure to comply with the condition may constitute an offence against that section.

• (a) to achieve the object of the Act ; or
• (b) to ensure another person who is a party to the agreement keeps proper records, provides returns of operations and pays fees to contribute to achieving the object of the Act .
• (a) enter into the agreement unless it is made subject to the conservation condition; or
• (b) amend the agreement unless the amendment includes making the agreement subject to the conservation condition.
• (a) identifies the conservation condition as a condition to which section 205 applies; and
• (b) states that failure to comply with the condition may constitute an offence against that section.