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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 465
Acceptance of offer—lodgment of security
If—
(a) an offer document specifies the
form and amount of a security that the applicant must lodge with the Minister;
and
(b) the applicant has not lodged
that security within the period applicable under section 463—
the application lapses at the end of that period.
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