South Australian Numbered Acts South Australian Numbered Acts24—Amendment of section 32—Term of retention licence
Section 32—after subsection (2) insert:
(3) However, in the
case of a gas storage retention licence it is unnecessary to be satisfied as
to the 15 year period referred to in subsection (2) unless the Minister
assesses or determines that the natural reservoir is more likely than not to
be used in connection with the production of petroleum.
(4)
Subsection (3) does not derogate for the operation of section 36
or 79.