Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 433

    If:

  (a)   an offer document specifies the form and amount of a security that the applicant must lodge with the responsible Commonwealth Minister; and

  (b)   the applicant has not lodged that security within the period applicable under section   431 or 431A;

the application lapses at the end of that period.