sec.958Land in a petroleum authority’s area taken before the commencement

### sec.958 Land in a petroleum authority’s area taken before the commencement This section applies if— land in a petroleum authority’s area was taken under a resumption law before the commencement; and at the commencement, the entity taking the land has not taken action indicating the petroleum authority was extinguished (wholly or partly) when the land was taken. serving a copy of the resumption notice for the taking of the land on the petroleum authority holder (in the holder’s capacity as the holder of the authority) entering into a resumption agreement under the ALA with the petroleum authority holder for the taking of the land negotiating, or taking other action relating to, the compensation payable to the petroleum authority holder for the taking of the land paying compensation to the petroleum authority holder for the taking of the land arranging for the taking of the land to be recorded in the petroleum register against the petroleum authority The taking of the land did not extinguish (wholly or partly) the petroleum authority or any other petroleum interest relating to the authority. Subsection (2) does not affect the ending of a petroleum interest (wholly or partly) in any other way, including, for example— by the entity taking the land acquiring the petroleum interest (wholly or partly) under a separate commercial agreement or other arrangement with the holder of the interest; or by the petroleum interest holder surrendering the interest (wholly or partly) under this Act. s 958 ins 2012 No. 20 s 121 amd 2013 No. 23 s 352 sch 1 pt 1 (sec.958-ssec.1) This section applies if— land in a petroleum authority’s area was taken under a resumption law before the commencement; and at the commencement, the entity taking the land has not taken action indicating the petroleum authority was extinguished (wholly or partly) when the land was taken. serving a copy of the resumption notice for the taking of the land on the petroleum authority holder (in the holder’s capacity as the holder of the authority) entering into a resumption agreement under the ALA with the petroleum authority holder for the taking of the land negotiating, or taking other action relating to, the compensation payable to the petroleum authority holder for the taking of the land paying compensation to the petroleum authority holder for the taking of the land arranging for the taking of the land to be recorded in the petroleum register against the petroleum authority (sec.958-ssec.2) The taking of the land did not extinguish (wholly or partly) the petroleum authority or any other petroleum interest relating to the authority. (sec.958-ssec.3) Subsection (2) does not affect the ending of a petroleum interest (wholly or partly) in any other way, including, for example— by the entity taking the land acquiring the petroleum interest (wholly or partly) under a separate commercial agreement or other arrangement with the holder of the interest; or by the petroleum interest holder surrendering the interest (wholly or partly) under this Act. - (a) land in a petroleum authority’s area was taken under a resumption law before the commencement; and - (b) at the commencement, the entity taking the land has not taken action indicating the petroleum authority was extinguished (wholly or partly) when the land was taken. Examples of action for paragraph (b)— • serving a copy of the resumption notice for the taking of the land on the petroleum authority holder (in the holder’s capacity as the holder of the authority) • entering into a resumption agreement under the ALA with the petroleum authority holder for the taking of the land • negotiating, or taking other action relating to, the compensation payable to the petroleum authority holder for the taking of the land • paying compensation to the petroleum authority holder for the taking of the land • arranging for the taking of the land to be recorded in the petroleum register against the petroleum authority - • serving a copy of the resumption notice for the taking of the land on the petroleum authority holder (in the holder’s capacity as the holder of the authority) - • entering into a resumption agreement under the ALA with the petroleum authority holder for the taking of the land - • negotiating, or taking other action relating to, the compensation payable to the petroleum authority holder for the taking of the land - • paying compensation to the petroleum authority holder for the taking of the land - • arranging for the taking of the land to be recorded in the petroleum register against the petroleum authority - • serving a copy of the resumption notice for the taking of the land on the petroleum authority holder (in the holder’s capacity as the holder of the authority) - • entering into a resumption agreement under the ALA with the petroleum authority holder for the taking of the land - • negotiating, or taking other action relating to, the compensation payable to the petroleum authority holder for the taking of the land - • paying compensation to the petroleum authority holder for the taking of the land - • arranging for the taking of the land to be recorded in the petroleum register against the petroleum authority - (a) by the entity taking the land acquiring the petroleum interest (wholly or partly) under a separate commercial agreement or other arrangement with the holder of the interest; or - (b) by the petroleum interest holder surrendering the interest (wholly or partly) under this Act.