Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section sets out the standard halving rules.
Scope
(2) This section applies to:
(a) an application for renewal of a cash - bid petroleum exploration permit that is capable of being renewed; and
(b) an application for renewal that is covered by item 1, 2 or 4 of the table in subsection 122(2); and
(c) an application for renewal that is covered by paragraph 122A(1)(c).
(2A) Subsection (2) has effect subject to subsection 122(3).
Basic rule
(3) The maximum number of blocks in relation to which an application for a renewal of a permit may be made is worked out using the table:
Maximum number of blocks | ||
Item | In this case... | the maximum number of blocks is... |
1 | the number of non - location blocks in relation to which the permit is in force is a number (the divisible number ) that is divisible by 2 without remainder | one - half of the divisible number. |
2 | the number of non - location blocks in relation to which the permit is in force is a number that is one less or one more than a number (the divisible number ) that is divisible by 4 without remainder | one - half of the divisible number. |
(4) Subsection (3) has effect subject to subsections (5), (6), (7), (8) and (9).
Additional rules
(5) An application to renew a permit may include, in addition to the blocks worked out under subsection (3):
(a) a block that is, or is included in, a location and in relation to which the permit is in force; or
(b) 2 or more blocks covered by paragraph (a).
(6) An application cannot be made to renew a permit in relation to only one block.
(7) If a permit is in force in relation to 5 or 6 blocks, an application may be made to renew the permit in relation to 4 of those blocks.
(8) If a permit is in force in relation to 2, 3 or 4 blocks, an application may be made to renew the permit in relation to all those blocks.
(9) If a permit is renewed as a result of an application referred to in subsection (8), an application may not be made for the further renewal of the permit.
(10) In this section:
"non-location block" means a block that is neither a location nor included in a location.