Section 15: Application etc., of certain enactments

(1) For the purposes of this Act, the Corporation shall be subject to all rights, powers, obligations and duties to which-
(a) the holder of a prospecting right, an exclusive prospecting licence, a mining right or water licence or a lessee of a mining lease is subject under the Minerals and Mining Act;
[Cap. MI2.]
(b) the holder of a quarrying lease or a quarrying licence is subject under the Minerals and Mining Act.
(2) Accordingly, the provisions of the enactments mentioned in subsection (1) of this section shall apply in relation to the Corporation as they apply in relation to any person under those enactments, so however that in the application thereof-
(a) the provisions of the said enactments specified in Part A of the Second Schedule to this Act shall be excluded; and
[Second Schedule.]
(b) the Forms specified in Part B of the said Schedule shall for the purposes of this Act only be consequentially modified,and subsidiary instruments made pursuant to the enactments shall be construed accordingly.
(3) Except as provided in subsection (2) of this section, nothing in this section shall be construed as authorising the disregard by the Corporation of any enactment or rule of law.