Victorian Current Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 121A

Variation of petroleum retention leases obtained as result of change to the boundary of the offshore area

    (1)     The Minister may, by written notice given to the lessee of a petroleum retention lease granted under section 141A, vary the lease by imposing one or more conditions to which the lease is subject.

    (2)     A notice under subsection (1) must be given within 14 days after the grant of the lease.

    (3)     A variation under subsection (1) takes effect on the day on which notice of the variation is given to the lessee.



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