ARTICLE · 24 DECEMBER 2013

Beware incentives to sign Conduct and Compensation Agreements

Thynne & Macartney

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Almost all of Thynne & Macartney's agribusiness clients have been confronted by resource industry projects on their properties.

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Almost all of Thynne & Macartney's agribusiness clients have been confronted by resource industry projects on their properties since the former Queensland Government overhauled the land access laws for resource exploration in October 2010.

Over three years on, resource industry statistics show that a disturbingly large number of agreements between landholders and resource companies are being signed before landholders seek legal advice. Given that the legislation obliges resource companies to pay landholders' reasonable legal costs, many landholders are missing a no-cost opportunity to engage an expert to fix the flaws in the agreements that many resource companies continue to present for signing.

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