Queensland Consolidated Acts

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PETROLEUM ACT 1923 - SECT 79UA

79UA Provision for the minimum negotiation period

(1) Generally, the minimum negotiation period is 20 business days from the giving of the negotiation notice (the usual period).

(2) Either party may, within the usual period, ask the other to agree to a longer minimum negotiation period because of stated reasonable or unforeseen circumstances.

(3) If the other party so agrees, the longer minimum negotiation period is the minimum negotiation period.



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