Commencement: This agreement commences on the first day all parties have signed the agreement. Native Title Provisions: Right to negotiate The parties agree that the right to negotiate provisions of the Native Title Act 1999 (Cth) do not apply to any of the agreed acts. Extinguishment The parties consent to the surrender of the existing native title rights and interests in the land to the Northern Territory and acknowledge that this effects a complete extinguishment of all native title rights and interests in the Red Gum Store area and the Tyerreng Aboriginal Corporation Land area. Future act provisions The agreement provides consent for the excision of the Red Gum Store area and the surrender of Tyerreng Aboriginal Corporation land from MacDonald Downs, and the fee simple grants of those lands by the Northern Territory to Chalmers and the Tyerreng Aboriginal Corporation respectively. The agreement also contains provisions for the native title holders to be compensated for the past impairment or extinguishment of native title and interests, and for the surrender of native title as brought about by this agreement. |