Section 931(2)--
omit, insert--
'(2) However, subsection (1) does not apply if the reference is in relation to a 1923 Act petroleum tenure--
(a) that, on the 2004 Act start day, does not become a converted petroleum tenure; or
(b) until the tenure becomes a replacement tenure, on or after the commencement of the Petroleum and Other Legislation Amendment Act 2005.'.