sec.30ADCompensation for effect of taking of land in a petroleum authority’s area on petroleum interests

### sec.30AD Compensation for effect of taking of land in a petroleum authority’s area on petroleum interests This section applies if land in a petroleum authority’s area is taken (including by taking or otherwise creating an easement) under a resumption law other than sections 456 to 458 of this Act. In assessing any compensation to be paid to the holder of a petroleum interest in relation to the taking of the land, allowance can not be made for the value of petroleum known or supposed to be in, or produced from, the land. See section 458 (3) in relation to land in a petroleum authority’s area taken under sections 456 to 458 of this Act. s 30AD ins 2012 No. 20 s 79 (sec.30AD-ssec.1) This section applies if land in a petroleum authority’s area is taken (including by taking or otherwise creating an easement) under a resumption law other than sections 456 to 458 of this Act. (sec.30AD-ssec.2) In assessing any compensation to be paid to the holder of a petroleum interest in relation to the taking of the land, allowance can not be made for the value of petroleum known or supposed to be in, or produced from, the land. See section 458 (3) in relation to land in a petroleum authority’s area taken under sections 456 to 458 of this Act.