81Compensation to owners

81 Compensation to owners (1) The holder of a petroleum interest must pay to: (aa) the owner of land comprised in the petroleum interest; and (ab) any occupier of land comprised in the petroleum interest who has a registered interest in the land, in respect of the owner's and occupier's respective interests in the land, compensation for: (a) deprivation of use or enjoyment of the land, including improvements on the land; and (b) damage, caused by the permittee or licensee, to the land or improvements on the land; and (c) any other prescribed reason or circumstance. If a permittee or licensee and a person entitled to compensation are unable to agree on an amount or other benefit, by way of compensation, to which the person is entitled, either party may refer the dispute to the Tribunal under section 82A. (6) No person is entitled under this section to compensation based on the known or potential occurrence of petroleum in or on the land.

Petroleum Act 1984 90 (7) An agreement in relation to compensation may include compensation for work undertaken under an exploration permit, retention licence or production licence or under all exploration permits and licences held by the permittee or licensee in relation to that land. (7A) The Regulations may provide for a method and manner of calculating compensation payable under this section. (8) In this section and section 82, registered interest, in relation to land, means an interest registered on the Register kept by the Registrar-General under Part 3 of the Land Title Act 2000.