108Parties to agree as to compensation

#### 108 Parties to agree as to compensation 108 Parties to agree as to compensation > > (1) The holder of a petroleum title may treat and agree with any person entitled to compensation under this Act as to the amount of the compensation. > > > (2) If within a time prescribed by the regulations the parties are unable to agree on the amount of compensation to be paid, then, on the application of any party, the Land and Environment Court may assess the amount of compensation to be paid by the holder of the title concerned. The Court’s decision is binding on the parties. > > > (3) Subsection (2) does not apply to compensation that is to be determined under an access arrangement that is required to be agreed or determined in accordance with Part 4A or 4B of this Act. > > **s 108:** Am 2008 No 107, Sch 22 \[9\]; 2015 No 41, Sch 2 \[30\].