Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 122A

  (1)   If:

  (a)   the grant of a boundary - change petroleum exploration permit under subsection   118A(4) is consequential on a State/Territory petroleum exploration title ceasing to be in force as mentioned in paragraph   118A(2)(b) or (3)(b); and

  (b)   the State/Territory petroleum exploration title was granted otherwise than by way of renewal;

then:

  (c)   the standard halving rules in section   123 apply to an application for the renewal of the permit mentioned in paragraph   (a); and

  (d)   an application must not be made for the renewal of the permit if the Joint Authority has previously granted a renewal of the permit mentioned in paragraph   (a).

  (2)   If:

  (a)   the grant of a boundary - change petroleum exploration permit under subsection   118A(4) is consequential on a State/Territory petroleum exploration title ceasing to be in force as mentioned in paragraph   118A(2)(b) or (3)(b); and

  (b)   the State/Territory petroleum exploration title was granted by way of renewal;

an application must not be made for the renewal of the permit mentioned in paragraph   (a).

  (3)   If a boundary - change petroleum exploration permit was granted under subsection   118A(5), an application must not be made for the renewal of the permit.