Queensland Numbered Acts

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PETROLEUM AND OTHER LEGISLATION AMENDMENT ACT 2005 No. 3 - SECT 5

5 Amendment of s 318EB (Obligation to lodge proposed later development plan)

Section 318EB(5)--

omit, insert--

'(5) If the holder does not lodge any proposed later development plan before the end of the current plan period or if subsection (4) applies and the holder does not lodge another proposed later development plan within the current plan period--

(a) the holder must be given a notice requiring the holder to lodge a proposed later development plan for the lease within 20 business days after the giving of the notice; and
(b) the holder must comply with the requirement.'.

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