Queensland Numbered Acts

PETROLEUM AND OTHER LEGISLATION AMENDMENT ACT 2005 No. 3 - SECT 104

(1) Section 227(2)--

omit, insert--

'(2) Without limiting subsection (1), the chief executive may cancel a water licence granted to a petroleum tenure holder if--

(a) the petroleum tenure ends; or

(b) if the petroleum tenure is a petroleum tenure under the Petroleum and Gas (Production and Safety) Act 2004--the licensee ceases to carry out, under that Act, any of the following and has not stored an appropriate amount of associated water under that Act--

(i) approved testing for petroleum production;

(ii) petroleum production for commercial purposes; or

(c) if the petroleum tenure is an authority to prospect under the Petroleum Act 1923, the licensee--

(i) ceases to carry out, under that Act, testing for petroleum production in accordance with the instrument for the authority to prospect; and

(ii) has not stored an appropriate amount of associated water under that Act; or

(d) if the petroleum tenure is a petroleum lease under the Petroleum Act 1923, the licensee--

(i) ceases to carry out, under that Act, petroleum production for commercial purposes; and

(ii) has not stored an appropriate amount of associated water under that Act.'.