The objective of these Regulations, consisting of four sections and one Form, is to prescribe the method for calculating the reasonable costs of negotiating land use activities. For the purposes of section 52(2) of the Act, the prescribed method for calculating the reasonable costs of negotiating under section 50 of the Act is the method that: (a) uses Form 1; and (b) includes any one or more of the following costs incurred by the traditional owner group entity in preparing for and conducting the negotiation: (i) decision-making costs; (ii) the cost of professional services.
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