Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The duration of a petroleum exploration permit is worked out using the table:
Duration of petroleum exploration permits | ||
Item | This kind of permit... | remains in force... |
1 | an original petroleum exploration permit (other than a boundary - change petroleum exploration permit) | for the period of 6 years beginning on: (a) the day on which the permit is granted; or (b) if a later day is specified in the permit as the day on which the permit is to come into force--that later day. |
2 | a petroleum exploration permit granted by way of renewal | for the period of 5 years beginning on: (a) the day on which the permit is granted; or (b) if a later day is specified in the permit as the day on which the permit is to come into force--that later day. |
3 | a boundary - change petroleum exploration permit granted under subsection 118A(4) | for the period of 5 years beginning on the day on which the permit is granted. |
4 | a boundary - change petroleum exploration permit granted under subsection 118A(5) | for the period of 12 months beginning on the day on which the permit is granted. |
(2) Subsection (1) has effect subject to this Chapter.
Note 1: For a special rule about the extension of the duration of a petroleum exploration permit if the permittee applies for a petroleum retention lease or petroleum production licence, see section 103.
Note 2: For a special rule about the extension of the duration of petroleum exploration permits pending decisions on renewal applications, see subsection 119(5).
Note 3: For a special rule about the extension of the duration of cash - bid petroleum exploration permits, see section 114.
Note 4: For special rules about the extension of the duration of a petroleum exploration permit following a suspension decision, see sections 265 and 267.
Note 4A: For a special rule about the extension of the duration of a petroleum exploration permit pending a suspension decision, see section 265A.
Note 5: For the revocation of a petroleum exploration permit, see section 188 and clause 8 of Schedule 4.
Note 6: For special rules about when a petroleum exploration permit ceases to be in force following the grant of a petroleum retention lease or petroleum production licence, see sections 145 and 176.
Note 7: For the surrender of a petroleum exploration permit, see Part 2.12.
Note 8: For the cancellation of a petroleum exploration permit, see Part 2.13.