New South Wales Repealed Regulations

This legislation has been repealed.

PETROLEUM (ONSHORE) REGULATION 2007 - REG 22D

22D References to initial term and second term (Schedule 1)

(1) In Schedule 1, a reference to the
"initial term" of a petroleum title is a reference to the initial term for which the petroleum title is granted.

(2) The initial term of a petroleum title does not include any period starting when the title, as granted, would have expired, but for section 20 of the Act, and during which the title continues in force under that section.

(3) In Schedule 1, a reference to the
"second term" of a petroleum title is a reference to:

(a) the term (if any) for which the title is first renewed, and

(b) any part of the term of the petroleum title that starts when the initial term ends and during which the title continues in force under section 20 of the Act.

(4) The second term of a petroleum title does not include the period starting when the title, as renewed, would have expired, but for section 20 of the Act, and during which the title continues in force under that section.

(5) A term of a petroleum title is
"after" another term, for the purposes of Schedule 1, if it starts when, or at any time after, the other term ends.