This session provides an update on the recent developments in Division 40, primarily focusing on:
- The change in how MQPRs are “used” under the legislative amendments in response to the Shell case
- New MQPRs issued as a subset of an existing ‘old’ MQPR
- Learnings from the Shell case outside of the legislative ‘fixes’
- When does a joint venturer hold an interest in a Division 40 asset held by the joint venture; and
- Recent case law affecting Division 40 terms and concepts.