Commonwealth Numbered Acts

PETROLEUM (SUBMERGED LANDS) LEGISLATION AMENDMENT ACT 1987 No. 106, 1987 - SECT 7

7. Section 22C of the Principal Act is repealed and the following section is
substituted: Permit under section 22B to continue in force in certain cases

"22C. Where:

   (a)  a permit granted under section 22B, being:

        (i)    a permit in relation to which an instrument published under
               subsection 22A (1) stated that the permit would not be able to
               be renewed; or

        (ii)   a permit that has been renewed;
expires; and

   (b)  before the expiry of the permit:

        (i)    a block or blocks in respect of which the permit was in force
               had been nominated under section 36;

        (ii)   except where subparagraph (i) applies, the Joint Authority had
               required the permittee to nominate, under section 36, a block
               or blocks in respect of which the permit was in force; or

        (iii)  a declaration under section 37 had been made in relation to a
               block or blocks in respect of which the permit was in force and
               the permittee had not requested that the declaration be
               revoked; the permit continues in force in respect of that block
               or those blocks, as the case may be:

   (c)  where the Joint Authority has required the permittee to nominate,
        under section 36, a block or blocks in respect of which the permit was
        in force, and the permittee does not comply with the requirement,
        until the expiration of the period allowed for compliance with the
        requirement; or

   (d)  in any other case, until:

        (i)    a declaration under section 37 in relation to the block or
               blocks is revoked;

        (ii)   a lease or licence is granted in relation to the block or
               blocks;

        (iii)  the application period referred to in subsection 38A (4) in
               respect of the block or blocks expires without an application
               under section 38A for a lease in respect of the block or blocks
               having been made by the permittee; or

        (iv)   the application period referred to in subsection 39A (5) or 40
               (4) in respect of the block or blocks expires without an
               application under section 39A or 40 for a licence in respect of
               the block or blocks having been made by the permittee;
               whichever first occurs.".