Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 103

  (1)   If:

  (a)   a petroleum exploration permit over a block or blocks cannot be renewed or further renewed; and

  (b)   before the time when the permit would, apart from this subsection, expire, the permittee applies to the Titles Administrator for the grant by the Joint Authority of a petroleum retention lease or petroleum production licence over the block or one or more of the blocks; and

  (c)   the block or blocks covered by the application are included in a location;

the table has effect:

 

Extension of permit
Item	In this case...	the permit continues in force over the block or blocks covered by the application until...
1	the Joint Authority gives the permittee an offer document relating to a petroleum retention lease or petroleum production licence over the block or one or more of the blocks	the lease or licence is granted, the permittee withdraws the application or the application lapses.
2	the application is for a petroleum retention lease and the Joint Authority decides not to grant the lease to the permittee	the end of the period of one year after the day on which the notice of refusal was given to the permittee.
3	the application is for a petroleum production licence and the Joint Authority decides not to grant the licence to the permittee	notice of the decision is given to the permittee.

  (2)   Subsection   (1) has effect subject to this Chapter but despite section   102.

Note:   See the notes at the end of section   102.