80CSubsidiary decision making powers under natural resource agreements

80C Subsidiary decision making powers under natural resource agreements (1) A natural resource agreement may contain a provision that gives discretionary authority to a representative of the traditional owner group entity and a representative of a relevant Minister in relation to a natural resource, from time to time, to enter into further agreements on matters dealt with in the natural resource agreement. (2) For the purpose of the entering into further agreements under subsection (1)— (a) any representative of the traditional owner group entity must be a person authorised by the traditional owner group entity in a manner determined by the entity; and (b) the natural resource agreement may set out— (i) any terms and conditions on which the power to enter into any further agreement is exercised; and (ii) any terms and conditions that must be or may be included in any further agreement. (3) An agreement under this section must be published in the Government Gazette. (4) An agreement under this section has effect on whichever is the later of— (a) the day it is published in the Government Gazette; or (5) An agreement under this section— (i) it is revoked as agreed in the agreement; or (ii) it lapses or ceases to have effect according to the terms of the agreement. S. 80D inserted by No. 67/2016 s. 21.