Queensland Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
PETROLEUM ACT 1923 - SECT 47
Reservations, conditions and covenants of lease
47 Reservations, conditions and covenants of lease
(1) Every lease is subject to the following reservations, covenants and
conditions— (a) a reservation of power to authorise mining on the land for
any purpose other than the production or obtaining of petroleum or petroleum
products, but not such as to interfere with, encroach upon, or endanger
operations for producing or obtaining petroleum;
(b) a covenant by the lessee
to pay the prescribed rent in accordance with this Act;
(c) a covenant by the
lessee to pay the State petroleum royalty, as required under the 2004 Act ,
chapter 6 ;
(d) a covenant by the lessee to pay rates and charges payable to
the local government in whose area the lease is situated;
(e) a covenant by
the lessee to work the land demised by the lease in accordance with recognised
good oilfield practice and in compliance with this Act, unless exemption or
partial exemption is granted in such manner as may be prescribed;
(f) a
covenant by the lessee that, if directed by the Minister not to dispose of any
petroleum or petroleum products for use or consumption outside Australia, the
lessee will not so dispose of any petroleum or petroleum products;
(g) a
covenant by the lessee to comply with the provisions of this Act;
(h) a
covenant by the lessee to use the land bona fide exclusively for the purpose
for which it is demised and in accordance with this Act, unless prevented from
so doing by circumstances beyond the lessee’s power and control;
(i) a
covenant by the lessee not to assign, transfer, sublet, mortgage or make the
subject of any trust the lease or the land or any part thereof otherwise than
in accordance with this Act or the Common Provisions Act ;
(j) a condition
for the forfeiture of the lease in the event of any breach of any covenant or
condition by the lessee and the failure of the lessee completely to remedy the
same within 3 months (or such further time as the Minister may in the
Minister’s discretion, allow) after the Minister shall have given to the
lessee notice in writing to make good the same.
(2) If an application for a
lease has been granted, the applicant and the applicant’s assigns are taken
to have entered into the covenants and accepted the reservations and
conditions mentioned in subsection (1) .
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback