wmc v commonwealth is relevant as it touches on the oil and gas on/under that permit as well as their lease was basically made null and void.
the only reason this case was lost because it was past the continental shelf in agreement with Indonesia and deemed not to be covered under commonwealth law
another relevant on was Newcrest v commonwealth
where the NT changed laws including compensation is not payable as well as inessence making there leases not useale for what they were intended for
i would just about guarantee these cases will be referenced at some point in the judges handing down his verdict
as they both go into depth with how a lease or permit is classified as property and ownership of minerals ect in or under that land
LKO
Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
