Victorian Current Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 263

    (1)     This section applies if rights conferred by a petroleum exploration permit or petroleum retention lease are suspended under section 262.

    (2)     The Minister may extend the term of the permit or lease by a period not more than the period of the suspension.

    (3)     The extension may be—

        (a)     in the notice of suspension; or

        (b)     by a later written notice given to the permittee or lessee.

S. 263A inserted by No. 16/2018 s. 29.