sec.923Existing compensation agreements relating to converted petroleum authority

### sec.923 Existing compensation agreements relating to converted petroleum authority This section applies to an agreement mentioned in section 98(1) of the 1923 Act, as it was in force immediately before 31 December 2004, for compensation relating to a converted petroleum authority. On 31 December 2004, the agreement is taken to be a compensation agreement made under this Act. The agreement may be enforced as if the agreement were a compensation agreement under chapter 5, part 5. However, the agreement can not be the subject of an application under section 534. Subsection (3) applies even if the agreement was not valid because section 98(2) of the 1923 Act, as it was in force immediately before 31 December 2004, had not been complied with. s 923 ins 2004 No. 26 s 247 amd 2007 No. 46 s 241 sch (sec.923-ssec.1) This section applies to an agreement mentioned in section 98(1) of the 1923 Act, as it was in force immediately before 31 December 2004, for compensation relating to a converted petroleum authority. (sec.923-ssec.2) On 31 December 2004, the agreement is taken to be a compensation agreement made under this Act. (sec.923-ssec.3) The agreement may be enforced as if the agreement were a compensation agreement under chapter 5, part 5. (sec.923-ssec.4) However, the agreement can not be the subject of an application under section 534. (sec.923-ssec.5) Subsection (3) applies even if the agreement was not valid because section 98(2) of the 1923 Act, as it was in force immediately before 31 December 2004, had not been complied with.