Termination of make good agreement during cooling-off period
423A Termination of make good agreement during cooling-off period
This section applies if the responsible tenure holder for a water bore and the bore owner enter into a make good agreement for the bore.
The bore owner may, within the cooling-off period for the agreement, terminate the agreement by giving written notice to the responsible tenure holder for the water bore.
On the giving of the notice under subsection (2), the terminated agreement is taken never to have had effect.
This section does not apply to a make good agreement for a water bore that is the subject of a decision of the Land Court under division 4, subdivision 4.
In this section—cooling-off period, for a make good agreement for a water bore, means a period of 5 business days—
starting on the day the make good agreement is entered into; and
ending at 5p.m. on the fifth business day.
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