Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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 | cancel the permit as to some or all of the blocks in relation to which the permit is in force. | |
2 | cancel the lease as to all of the blocks in relation to which the lease is in force. | |
3 | cancel the licence as to some or all of the blocks in relation to which the licence is in force. | |
4 | cancel the licence. | |
5 | 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 .