Commonwealth Consolidated Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 156

Renewal of petroleum retention lease

    If:

  (a)   an applicant has been given an offer document under section   154; and

  (b)   the applicant has made a request under section   260 in relation to the offer document within the period applicable under that section;

the Joint Authority must renew the petroleum retention lease.

Note:   If the applicant does not make a request under section   260 within the period applicable under that section, the application lapses at the end of that period--see subsection   260(4).


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