Library / Midstream Petroleum (Host Communities Development Trust) Regulations 2024
Midstream Petroleum (Host Communities Development Trust) Regulations 2024

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(b)  revised or new Board of Trustees;
(c)  revised constitution and the Host Communities Development Trust;
(d)  revised forecast of contributions pursuant to section 240(2) of the
Act;
(e)  revised host communities’ development plan; and
(f )  amount in the reserve fund to be allocated to the host communities
for which the operations of the licensee has ceased.
(4)  Surviving obligations of the licensee shall not include any matter
related to the management and utilisation of the reserve fund pursuant to
these Regulations.
(5)  Where an amount in the reserve fund is remaining upon the cessation
of activities by the licensee, the Board of Trustees shall continue to manage
the funds and report to the Authority in the manner contemplated by the Act
as if it were the licensee.
(6)  With respect to the host communities for which the operations of the
licensee have ceased, pursuant to subregulation (2) of this regulation, the Board
of Trustees shall continue to manage the funds and report to the Authority in
the manner contemplated by the Act as if it were the licensee.
40.—(1)
Where a dispute arises between one or more host
communities or between a host community and a licensee or in connection
with a trust, the disputing parties shall follow the procedure set out in this
regulation to resolve the dispute.
(2)  In the case of a —
(a)  community dispute with the licensee, the aggrieved host community
shall give a dispute notice to the licensee and the Board of Trustees, support
the notice with relevant documents and after service of the dispute notice,
the licensee and the Board of Trustees shall attempt in good faith to resolve
the dispute; and
(b)  Board of Trustees dispute with the licensee, the Board of Trustees
shall give a dispute notice to the licensee, support the notice with relevant
documents and after service of the dispute notice, the licensee and the
Board of Trustees shall attempt in good faith to resolve the dispute.
(3)  A copy of the dispute notice and the resolution agreed to by the
parties shall be submitted to the Authority.
(4)  Where a licensee and Board of Trustees are unable to resolve the
dispute within 30 days after service of the dispute notice in sub-regulation (2)
of this regulation, any of the disputing parties may refer the dispute to the
Authority or another party for mediation.
Grievance
mechanism
and conflict
resolution
procedure