401Removal of property from coastal waters

401 Removal of property from coastal waters

401 Removal of property from coastal waters

(1) The regulations may provide for:

(a) the removal from coastal waters of property that:

(i) has been brought into coastal waters for use in offshore exploration or mining activities, and

(ii) is not being used and is not intended to be used in exploration or mining activities in accordance with a licence, and

(b) the disposal by the Minister of property removed under regulations made for the purposes of paragraph (a), and

(c) the recovery of costs and expenses incurred by the Minister or another person in removing or disposing of property in accordance with regulations made for the purposes of paragraphs (a) and (b).

Note—

For “offshore exploration or mining activities” see section 5.

(2) Regulations made for the purposes of subsection (1) (a) may provide for removal by the Minister or by someone else.

(3) Regulations made for the purposes of subsection (1) (c) may provide for the recovery of costs by way of deduction from the proceeds of the disposal.

(4) Subject to the regulations, no action lies in respect of the removal or disposal of property in accordance with the regulations.

(5) In this section:

property includes a structure or equipment.