Document ID: chunk:federal_register_of_legislation:C2010C00583:clause:11_18:p18
Version: federal_register_of_legislation:C2010C00583
Segment Type: clause
Provision Reference: sch 11 cl 18 (pt 18/18)
Character Range: 147203–149192

80‑B to apply to payments or supplies by managing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement

  If:
 (a) the entity that is the *managing operator of the *hybrid settlement sharing arrangement is a party to that arrangement because it is also the managing operator of a *nominal defendant settlement arrangement; and
 (b) the entity makes a payment or supply that, as a result of section 80‑85, is a *managing operator's payment or supply under the hybrid settlement sharing arrangement;
then:
 (c) Subdivision 80‑A does not have any other effect in relation to the payment or supply in accordance with section 80‑85; but
 (d) Subdivision 80‑B (other than section 80‑45) applies in relation to the payment or supply as if it were a managing operator's payment or supply under the nominal defendant settlement sharing arrangement and the entity were not party to the hybrid settlement sharing arrangement.

80‑95  Subdivision 80‑B to apply to payments or supplies by contributing operator of hybrid settlement sharing arrangement who is also managing operator of nominal defendant settlement sharing arrangement

  If:
 (a) an entity that is a *contributing operator of the *hybrid settlement sharing arrangement is a party to that arrangement because it is also the *managing operator of a *nominal defendant settlement arrangement; and
 (b) the entity makes a payment that, as a result of section 80‑85, is a *contributing operator's payment under the hybrid settlement sharing arrangement;
then:
 (c) Subdivision 80‑A does not have any other effect in relation to the payment or supply in accordance with section 80‑85; but
 (d) Subdivision 80‑B (other than section 80‑45) applies in relation to the payment as if it were a *managing operator's payment or supply under the nominal defendant settlement sharing arrangement and the entity were not party to the hybrid settlement sharing arrangement.