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Coal Industry Act 1994

Changes over time for: Cross Heading: Agreements with respect to compensation

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Point in time view as at 01/11/1994.

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Coal Industry Act 1994, Cross Heading: Agreements with respect to compensation is up to date with all changes known to be in force on or before 10 July 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Agreements with respect to compensationE+W

8(1)If at any time—E+W

(a)after an acceptance notice has been served in respect of a retained interest, and

(b)before the date on which compensation becomes due in respect of that interest,

any person (“the relevant person”) enters into an agreement in that behalf with another person, being the person with the contingent entitlement to any such compensation, then, on payment to that other person of such consideration as may be agreed, the relevant person shall be relieved of any contingent liability under this Part of this Schedule in respect of that retained interest.

(2)Where any such agreement as is mentioned in sub-paragraph (1) above is entered into, sub-paragraph (3) of paragraph 7 above shall apply in relation to the payment of the consideration agreed as it applies in relation to a payment of compensation at the time referred to in that sub-paragraph (3).

(3)Without prejudice to sub-paragraphs (1) and (2) above, at any time after an acceptance notice has been served in respect of a retained interest, the person who served it shall cease to be entitled to acquire by agreement that interest or any other retained interest in any coal or coal mine comprised in or lying under any of the land in which the accepted interest subsists.

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