Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 780L

Petroleum exploration permit

  (1)   If:

  (a)   subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applied to a petroleum exploration permit granted before the commencement of this section (the earlier permit ); and

  (b)   the earlier permit was renewed before the commencement of this section;

subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applies, and is taken always to have applied, to the petroleum exploration permit granted by way of renewal in a corresponding way to the way in which it applied to the earlier permit.

  (2)   If:

  (a)   subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applies or applied to a petroleum exploration permit granted before the commencement of this section; and

  (b)   the term of the permit was extended before the commencement of this section;

subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 continues to apply, and is taken to have continued to apply, to the permit during the period of the extension.

Petroleum retention lease

  (3)   If:

  (a)   subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applied to a petroleum retention lease granted before the commencement of this section (the earlier lease ); and

  (b)   the earlier lease was renewed before the commencement of this section;

subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applies, and is taken always to have applied, to the petroleum retention lease granted by way of renewal in a corresponding way to the way in which it applied to the earlier lease.

  (4)   If:

  (a)   subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applies or applied to a petroleum retention lease granted before the commencement of this section; and

  (b)   the term of the lease was extended before the commencement of this section;

subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 continues to apply, and is taken to have continued to apply, to the lease during the period of the extension.

Fixed - term petroleum production licence

  (5)   If:

  (a)   subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applied to a fixed - term petroleum production licence granted before the commencement of this section (the earlier licence ); and

  (b)   the earlier licence was renewed before the commencement of this section;

subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applies, and is taken always to have applied, to the fixed - term petroleum production licence granted by way of renewal in a corresponding way to the way in which it applied to the earlier licence.

  (6)   If:

  (a)   subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 applies or applied to a petroleum production licence granted before the commencement of this section; and

  (b)   the term of the licence was extended before the commencement of this section;

subsection   359(1) of the Environment Protection and Biodiversity Conservation Act 1999 continues to apply, and is taken to have continued to apply, to the licence during the period of the extension.