Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 275

  (1)   The table has effect:

 

Cancellation
Item	If there is a ground for cancelling...	the Joint Authority may, by written notice given to the registered holder,...
1	a petroleum exploration permit	cancel the permit as to some or all of the blocks in relation to which the permit is in force.
2	a petroleum retention lease	cancel the lease as to all of the blocks in relation to which the lease is in force.
3	a petroleum production licence	cancel the licence as to some or all of the blocks in relation to which the licence is in force.
4	an infrastructure licence	cancel the licence.
5	a pipeline licence	cancel the pipeline licence as to the whole or a part of the pipeline in relation to which the licence is in force.

Note:   Consultation procedures apply--see section   276.

  (2)   In exercising a power conferred by subsection   (1), the Joint Authority must take into account any action taken by the registered holder:

  (a)   to remove the ground of cancellation; or

  (b)   to prevent the recurrence of similar grounds.

  (3)   A cancellation takes effect on the day on which notice of the cancellation is published in the Gazette .