Mining Regulation 2016

For the purposes of section 265 (3) of the Act, the prescribed period is the period of 28 days beginning on the date on which the mining lease takes effect.

For the purposes of section 272 (1) (a) of the Act, the prescribed manner of assessing compensation is by making an assessment that has regard to the following factors—

the nature, quality, area and particular characteristics of the land concerned,

the proximity of the land to any building, structure, road, track or other facility,

the purpose for which the land is normally used,

the use of the land that is approved under any development consent that is in force in respect of the land.