Agreement to amend compensation
283A Agreement to amend compensation
This section applies if—
compensation (the original compensation) has been agreed under section 279 or 280 for a mining lease; or
compensation (also the original compensation) has been determined under section 281 or 282 for a mining lease and there has, since the determination, been a material change in circumstances for the lease.
Example of a material change in circumstances—
a different mining method that changes the impact of mining operations under the lease
The mining lease holder and each owner in relation to the lease mentioned in section 279(1)(a) or 280(1) may, by signed writing, agree to amend the original compensation (the amendment agreement).
However, the amendment agreement does not take effect until it is filed with the registrar.
After the amendment agreement takes effect, the original compensation, as amended by the agreement, is for this Act, other than this section, taken to be the original compensation.
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