63R—Effect of registered agreement
(1) A registered
agreement negotiated under this Division is (subject to its terms) binding on,
and enforceable by or against the original parties to the agreement and—
(a) the
holders from time to time of native title in the land to which the agreement
relates; and
(b) the
holders from time to time of any exploration authority or production tenement
under which mining operations to which the agreement relates are carried out.
(2) If a native title
declaration establishes that the native title parties with whom an agreement
was negotiated are not the holders of native title in the land or are not the
only holders of native title in the land, the agreement continues in operation
(subject to its terms) until a fresh agreement is negotiated under this Part
with the holders of native title in the land, or for 2 years after the date of
the declaration (whichever is the lesser).
(3) Either the holders
of native title in the land or the tenement holder may initiate negotiations
for a fresh agreement by giving notice to the other.
(4) A registered
agreement that authorises mining operations to be conducted under a future
mineral tenement is contingent on the tenement being granted or registered.