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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 265A

Extension of term of petroleum exploration permit or petroleum retention lease pending decision on application for suspension of conditions

  (1)   If:

  (a)   a petroleum exploration permittee or a petroleum retention lessee applies for a suspension of any of the conditions to which the permit or lease is subject; and

  (b)   the permit or lease would, apart from this subsection, expire before the Joint Authority makes a decision on the application;

the permit or lease continues in force until the Joint Authority makes a decision on the application.

  (2)   If the Joint Authority refuses the application, the permit or lease continues in force until the end of:

  (a)   the period of 2 months that began when notice of the refusal was given to the permittee or lessee; or

  (b)   such longer period as the Joint Authority allows.

  (3)   If a petroleum exploration permit or a petroleum retention lease continues in force during a period under subsection   (2), the permittee or lessee is not entitled to make an application during that period for a suspension of any of the conditions to which the permit or lease is subject.

  (4)   Subsections   (1) and (2) have effect subject to this Chapter but despite:

  (a)   in the case of a petroleum exploration permit--section   102; and

  (b)   in the case of a petroleum retention lease--section   139.

Note:   See the notes at the end of sections   102 and 139.


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