Minerals Exploration and Development Company Act, 1941

Applications for compensation in respect of mining business acquisition orders.

23.—(1) Any person claiming to be the proprietor of an existing mining business acquired by a mining business acquisition order may apply to the Company for compensation in respect of the said existing mining business and any person claiming to be interested in the said business as an incumbrancer may apply to the Company for the assessment of such compensation.

(2) The Minister may make regulations prescribing the form of application for compensation and the form of application for the assessment of compensation under this section, and the particulars to be specified in those forms respectively, and every application for compensation or for the assessment of compensation under this section shall be made in the appropriate form so prescribed, and contain the particulars required by that form.

(3) No application for compensation or for the assessment of compensation under this section shall be considered unless lodged with the Company within four months (or such longer period, not exceeding altogether six months, as the Minister may in any particular case allow) from the date upon which the notice of the proposal to acquire the existing mining business which is the subject of such application was published in the Iris Oifigiúil in pursuance of this Act.

(4) Every application under this section for the assessment of compensation and also every application under this section for compensation in respect of which the applicant and the Company fail to reach agreement shall be referred by the Company to the Mining Board, and thereupon the Mining Board shall assess the compensation payable in accordance with the next succeeding section.