Commonwealth Numbered Acts

PETROLEUM (SUBMERGED LANDS) AMENDMENT ACT 1980 No. 80, 1980 - SECT 40

40. Section 103 of the Principal Act is amended by omitting sub-section (2)
and substituting the following sub-sections:



"(2) Sub-section (1) does not authorize the making of an instrument to the
extent that it would affect-

   (a)  a condition of a permit or licence included in the permit or licence
        in compliance with the Royalty Act; or

   (b)  the term of a permit, licence or pipeline licence.



"(3) Where, in pursuance of sub-section (1), the Designated Authority
suspends, or exempts the permittee from compliance with, any of the conditions
to which a permit is subject, the Joint Authority may, if it considers the
circumstances make it reasonable to do so, in the instrument of suspension or
exemption or by a later instrument in writing served on the permittee, extend
the term of the permit by a period not exceeding the period of the suspension
or exemption.".